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 | |
Updated | December 21st, 2023 |
Type | Retail |
Price | $1,500,000 |
Building | 4,975 Sq. Ft. |
Land | 1 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!