1500 Anna Sparks Way Ste G Mckinleyville, CA 95519-4170

This exceptional investment opportunity presents a thriving 4,975 square foot restaurant located at 1500 Anna Sparks Way, McKinleyville, CA 95519. Situated on a 1.22-acre lot, this single-tenant property boasts a strong 10-year gross lease with Mountain Mike's Pizza, offering significant passive income potential. The lease includes two 5-year options, ensuring long-term stability. The current occupancy is 100%, with a monthly rent that includes a $250 increase and a 6% rent bump on all monthly sales exceeding $100,000 (initial sales were $155,000). This provides a built-in hedge against inflation and potential property tax increases. Further enhancing the security of this investment, the lease is personally guaranteed by four individuals and includes a franchise addendum. The asking price for this turnkey operation is $1,500,000. This property offers a compelling combination of consistent rental income, a strong tenant, and a prime location in McKinleyville, California. The opportunity to benefit from rising rent and potential future revenue increases makes this a truly attractive investment prospect. Don't miss this chance to secure a stable and profitable addition to your portfolio.