800 Broadway Ave Seaside, CA 93955

This exceptional investment opportunity presents a fully occupied, 37,247 square foot shopping center located in Seaside, California. The property, comprised of four buildings, boasts a strong 6.00% capitalization rate and a substantial net operating income (NOI) of $1,055,670.60. The asking price is $17,594,510. Built between 2006 and 2013, the center features 191 parking spaces and is situated on a signalized corner, providing excellent access and visibility. The property is zoned CMX (Commercial Mixed Use), allowing for diverse tenant options. Currently operating under a triple-net (NNN) lease structure with multiple tenants, the center enjoys 100% occupancy. Lease options include two five-year extensions, providing long-term stability and predictable income streams. The property's prime location in Monterey County, at 800, 880 Broadway Ave, and 1553 & 1523 Fremont Blvd, Seaside, CA 93955, ensures high traffic and strong tenant demand. The limited availability of land and a water moratorium in the area create significant barriers to entry for competing retail developments, further enhancing the property's long-term value.