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

Property Details for 1500 Anna Sparks Way Ste G

Year built

1996

Lot size

0.99 lot acres

Property size

9,337 SF

Zone code

C-2-P-N

Property type

Retail space

APN

508-061-014-000

APU

508061014000

Description

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.

Location Insight

City

Mckinleyville

County

Humboldt

State

California

Longitude

-124.102

Latitude

40.9312

CBSA code

21700

CBSA name

EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments