234 Reservation Rd 5,000 SF Retail Building Marina, CA 93933 $1,595,000 ($319/SF) 6.77% Cap Rate

Pac Garden Assets is pleased to present the opportunity to acquire a single-tenant absolute NNN retail investment located at 234 Reservation Road in Marina, California, within the highly desirable Monterey Bay coastal market.
The property consists of a 5,000 SF standalone retail building configured as a three-suite structure but 100% occupied by a single tenant, creating a simplified and durable income profile. The tenant operates under an absolute triple net (NNN) lease, providing ownership with passive, management-free income.
The asset generates $108,000 in annual income ($9,000/month NNN) and is offered at $1,595,000, reflecting an approximate 6.77% cap rate. This structure is well suited for investors seeking stable cash flow with minimal operational responsibilities.
Strategically positioned along Reservation Road, one of Marina’s primary retail corridors, the property benefits from strong visibility, accessibility, and consistent daily traffic counts exceeding 22,000 vehicles per day. The location provides direct access to Monterey, Seaside, and surrounding coastal communities, supporting long-term tenant viability and investor demand.
The Monterey Bay region continues to attract both residents and capital due to its coastal location, constrained development environment, and strong underlying real estate fundamentals. Retail properties in Marina are limited in supply, particularly NNN investment opportunities at this price point, making this offering attractive to private capital and 1031 exchange buyers seeking stable income in coastal California.
This is a rare opportunity to acquire a coastal California NNN retail property combining:
- Passive income
- High visibility location
- Supply constrained market dynamics
- Long term investment stability
For additional information or to request the full offering memorandum, please contact Pac Garden Assets directly.