788 Main St Willits, CA 95490-3914
Property profile & analytics
788 Main St, Willits, CA 95490-3914
- Turn key restaurants
- 0.46 lot acres
Property ID
US09-2896474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 788 Main St
- Lot size
- 0.46 lot acres
- Property type
- Turn key restaurants
- APN
- 006-131-37-00
- APU
- 61313700
Description
This fee-simple offering presents a compelling passive investment opportunity: a brand-new, 2,773 square foot Starbucks with a drive-thru, situated on a 0.46-acre lot at 788 S Main St, Willits, CA 95490. The property boasts a new 10-year net lease (NNN) commencing October 1, 2024, with a strong corporate guarantee from Starbucks, the world's largest coffeehouse company. The lease includes a 10% rent increase every five years and five-year renewal options. The property underwent renovations in 2024 and currently generates a net operating income (NOI) of $170,000, representing a 5.35% cap rate on the asking price of $3,177,570. This highly visible corner location in Willits, known as "The Heart of Mendocino County" and "The Gateway to the Redwoods," benefits from its position at a signalized intersection of two major roadways. The property is 100% occupied and represents a limited-responsibility investment with significant long-term growth potential. This is a 1031 exchange eligible property.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Willits
- County
- Mendocino
- State
- California
- Longitude
- -123.352
- Latitude
- 39.4044
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,973
$631,493
$1,080,935
$1,712,428
-
$0.00
$0.00
$0.00
