1215 EmbarcaderoMorro Bay, CA 93442

This exceptional investment opportunity presents a thriving Morro Bay, CA marina, boasting a recently constructed, 5,239 square foot multi-tenant retail building situated on the Embarcadero at 1215 Embarcadero, zip code 93442, in San Luis Obispo County. The property generates a gross annual income exceeding $500,000 from three distinct revenue streams: the retail building, 25 boat slips, and kayak/paddleboard storage lockers. The leasehold interest offers 36 years remaining on the current lease, with an exclusive right to renegotiate. This NNN-leased, multi-tenant property is priced to yield a 6 cap rate, reflecting a compelling return on investment. The property's prime waterfront location in the desirable Morro Bay market ensures strong tenant demand and consistent income generation. The modern building and well-maintained facilities contribute to the property's high-performing operational efficiency. This turnkey investment is an ideal opportunity for those seeking a stable, high-yielding asset in a sought-after coastal location. The property's strong cash flow and long-term lease provide a secure and attractive investment prospect. Serious inquiries are encouraged.