$1,500,000
McKinleyville, CA 95519
MLS# 263897
4975 sqft
1 / 13
Property Description
Passive Income Special! Invest in your financial future with this property, boasting a fresh 15-year Mountain Mike's Pizza lease with a personal guarantee. Enjoy stability and growth with the 15-year lease, two 5-year options, and a $250 monthly rent upsurge, plus rent bumps of 6% on all sales over $100,000 per month (first month $155k in sales). Benefit from rising rent alongside increased store revenue and potential EV income. Offset property tax hikes with the owner's carry option. Gain peace of mind with Four Individuals' Personal Guaranty of Lease and a Franchise Addendum. Seize the opportunity - call now!
Details
Listing Information
Status: Active
List Date: 2023-03-29
List Price: $1,500,000
Current Price: $1,500,000
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Under
Accessory Dwelling Unit: No
Main House SqFt: 4975
Lot Size: 1 - 1.99 Acres
Lot Acres: 1.22
Flood Zone: No
List Price/SqFt: 301.51
Location, Legal and Taxes
Area: North Bay
House Number: 1500
Street Name: Anna Sparks
Street Suffix: Way
Sub-Area: McKinleyville
State: CA
Zip Code: 95519
Cross Street: School Rd
APN: 508-061-013
Directions and Remarks
Directions: In front of Uhaul on Central Ave.
Building Description
Year Built: 1996
# Units: 1
Income & Expenses
Lease Expires: 2038-07-31
Renewal Options: Yes
Rent $: 7000
Square Footages
Total Building SqFt: 4975
Business
Real Estate Included: Yes
Property Features
Zoning: Commercial
Income & Expenses: Financials Available
Type of Use: Food Service
Existing Use: Retail Service
Location: Central Business; Corner Lot; Neighborhood
Parking: Over 20 Spaces; Paved
Exterior Amenities: Handicap Rails; Landscaping; Major Road Access; Near Airport; Public Trans; Sidewalks
Sale Includes: Land & Building
Possession: At Close of Escrow
Financing Terms: Cash; Conventional; Owner Carry 1st
Documents: Other - Private
Listing Office: C.B. Commercial Pacific Partners Real Estate
Office Phone: 707-442-2222
Office Email: pacificpartnerscommercial@gmail.com
Listing Agent: JB Mathers
Agent Phone: 707-442-2222
Agent Email: mathers84@yahoo.com
Last Updated: December - 21 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.
Broker Attribution:
pacificpartnerscommercial@gmail.com
