Rare Monterey County Net Leased Asset

Essential CRE is pleased to present the opportunity to acquire a rare, Monterey County absolute net leased OfficeMax in Salinas, CA. The subject property is 23,484 square feet, resides on 1.66 acres of land and benefits greatly from prime positioning in dominate power center located directly off US Highway 101. OfficeMax has three and half years remaining on their absolute NNN lease with a CPI increase at their last five-year option. According to Placer AI, this location if one of OfficeMax's top performing stores in the US.

Rare Monterey County Absolute NNN Single Tenant Asset
Centrally Positioned with Bustling Power Center
Dense Urban Infill Location Rapidly Growing with Strong Demographics
Excellent Freeway Visibility from US Highway 101 (±70,000 Cars Per Day)
Surrounded by Strong National Tenants; Costco, Walmart, Dick’s Sporting Goods, PetSmart & Applebee's

Salinas is located in California and is the county seat of Monterey County. With a population of 163,542 in the 2020 Census, Salinas is the most populous city in Monterey County. Salinas is an urban area located along the eastern limits of the Monterey Bay Area, lying just south of the San Francisco Bay Area. The city is located at the mouth of the Salinas Valley, about eight miles from the Pacific Ocean. Salinas serves as the main business, governmental, and industrial center of the region. The marine climate is ideal for the floral industry, grape vineyards, and vegetable growers. Salinas is known as the "Salad Bowl of the World" for its large, vibrant agriculture industry.

Monterey County, officially the County of Monterey, is a county located on the Pacific coast in the U.S. state of California. As of the 2020 census, its population was 439,035. The county's largest city and county seat is Salinas. Monterey County comprises the Salinas, California, Metropolitan Statistical Area. It borders on the southern part of Monterey Bay, after which it is named. (The northern half of the bay is in Santa Cruz County.) Monterey County is a member of the regional governmental agency: the Association of Monterey Bay Area Governments.