1500 Anna Sparks Way, Mckinleyville, CA 95519

$1,500,000
4,975
SqFt
List Price
$1,500,000
MLS#
263897
Sq. Ft
4,975
Acres
1.22

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!

Additional Information

County
North Bay
City
Mckinleyville
Garage Description
Over 20 Spaces, Paved

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Calculator source: Real Geeks

Listing courtesy of C.B. Commercial Pacific Partners Real Estate.