Log In/Sign Up
Your email has been sent.
234 Reservation Rd 5,000 SF Retail Building Marina, CA 93933 $1,515,000 ($303/SF) 7.34% Cap Rate
Investment Highlights
- $111,240 Annual NNN Income ($9,270/Month) with 3% Annual Rent Increases
- Approx. 7.3% Cap Rate with Stable Cash Flow in Coastal California
- Prime Monterey Bay Location with 22,000+ Vehicles Per Day on Reservation Road
- Absolute Triple Net (NNN) Lease Providing Passive, Management-Free Ownership
- 5,000 SF Single-Tenant Retail Investment with Fee Simple Ownership
- Ideal for 1031 Exchange Buyers Seeking Long-Term Income and Appreciation
Executive Summary
Pac Garden Assets is pleased to present the opportunity to acquire a single-tenant absolute NNN retail investment located at 234 Reservation Road, Marina, California, in the highly desirable Monterey Bay coastal market.
The property consists of a 5,000 SF freestanding retail building configured as a three-suite structure and 100% leased to a single tenant, creating a stable and predictable income stream. The tenant operates under an absolute triple net (NNN) lease, providing ownership with passive, management-free cash flow while minimizing landlord responsibilities.
The property currently generates $111,240 in annual NNN income ($9,270 per month) following the scheduled July 1 rent increase and is offered at $1,515,000, representing an approximate 7.3% capitalization rate. The lease also includes 3% annual rent escalations, providing built-in income growth over time.
Strategically positioned along Reservation Road, one of Marina's primary commercial corridors, the property benefits from excellent visibility, convenient access, and daily traffic counts exceeding 22,000 vehicles. The location offers immediate connectivity to Monterey, Seaside, CSU Monterey Bay, and the surrounding Central Coast, supporting long-term tenant performance and investor demand.
The Monterey Bay region continues to attract institutional and private capital due to its coastal location, limited commercial inventory, and strong real estate fundamentals. Single-tenant NNN investments in this market remain scarce, particularly at this price point, making the offering well suited for 1031 exchange buyers, private investors, and family offices seeking stable, long-term income.
Investment Highlights
Absolute NNN lease with passive ownership
$111,240 current annual NNN income
3% annual rent escalations
- Approximately 7.3% cap rate
- Fee simple ownership
- Excellent visibility along Reservation Road
- Desirable Monterey Bay coastal location
- Attractive opportunity for 1031 exchange and long-term income investors
For additional information or to request the complete Offering Memorandum, please contact Pac Garden Assets.
The property consists of a 5,000 SF freestanding retail building configured as a three-suite structure and 100% leased to a single tenant, creating a stable and predictable income stream. The tenant operates under an absolute triple net (NNN) lease, providing ownership with passive, management-free cash flow while minimizing landlord responsibilities.
The property currently generates $111,240 in annual NNN income ($9,270 per month) following the scheduled July 1 rent increase and is offered at $1,515,000, representing an approximate 7.3% capitalization rate. The lease also includes 3% annual rent escalations, providing built-in income growth over time.
Strategically positioned along Reservation Road, one of Marina's primary commercial corridors, the property benefits from excellent visibility, convenient access, and daily traffic counts exceeding 22,000 vehicles. The location offers immediate connectivity to Monterey, Seaside, CSU Monterey Bay, and the surrounding Central Coast, supporting long-term tenant performance and investor demand.
The Monterey Bay region continues to attract institutional and private capital due to its coastal location, limited commercial inventory, and strong real estate fundamentals. Single-tenant NNN investments in this market remain scarce, particularly at this price point, making the offering well suited for 1031 exchange buyers, private investors, and family offices seeking stable, long-term income.
Investment Highlights
Absolute NNN lease with passive ownership
$111,240 current annual NNN income
3% annual rent escalations
- Approximately 7.3% cap rate
- Fee simple ownership
- Excellent visibility along Reservation Road
- Desirable Monterey Bay coastal location
- Attractive opportunity for 1031 exchange and long-term income investors
For additional information or to request the complete Offering Memorandum, please contact Pac Garden Assets.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,000 SF
Building Class
B
Year Built
2000
Price
$1,515,000
Price Per SF
$303
Cap Rate
7.34%
NOI
$111,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.52 AC
Zoning
C1 - C1 commercial zoning for retail use in Marina CA, high-traffic corridor in the Monterey Bay coastal real estate market.
Parking
15 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
241’ on Reservation Road
Amenities
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 032-181-021-000 | Improvements Assessment | $730,641 |
| Land Assessment | $541,216 | Total Assessment | $1,271,857 |
Property Taxes
Parcel Number
032-181-021-000
Land Assessment
$541,216
Improvements Assessment
$730,641
Total Assessment
$1,271,857
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
234 Reservation Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.