1500 Anna Sparks Way, McKinleyville, CA

Retail for Sale - $1,500,000 - 4,975 Sq. Ft. on 1 acres


Agent Info

Jonathan Mathers
Coldwell Banker Commercial Pacific Partners Real Estate

Property Info

CIMLS#1140448
Location
  1500 Anna Sparks Way
  McKinleyville CA 95519
UpdatedDecember 21st, 2023
TypeRetail
Price$1,500,000
Building4,975 Sq. Ft.
Land1 acres

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!


Financials



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