Active
1500 Anna Sparks Way
McKinleyville CA, 95519
$1,500,000
$301.51 per sqft
Active
4,975 sqft
Commercial
Built in 1996
Listed by JB Mathers with C.B. Commercial Pacific Partners Real Estate
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!
263897
MLSⓇ ID
March 29, 2023
Listed
November 22, 2024
Updated
Map
1500 Anna Sparks Way
McKinleyville CA, 95519
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.22 Acres
Exterior Features
Handicap Rails, Landscaping, Major Road Access, Near Airport, Public Trans, Sidewalks
Other Property Details
Area Name
North Bay
Days on Market
530
Garage
No
Parking
Over 20 Spaces, Paved
View
No
Pool
No
Zoning
Commercial
Listing Contact: [email protected]
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