5641 Mother Lode Dr
Placerville, CA 95667

EXCELLENT INVESTMENT OPPORTUNITY FOR THE INVESTOR LOOKING FOR PASSIVE INCOME FROM A LONG TERM BUSINESS LEASE AND RESIDENTIAL RENTAL. THIS WELL KNOWN, SUCCESSFUL BUSINESS HAS BEEN IN OPERATING FOR 50 YEARS IN THIS HIGH VISIBILITY LOCATION. THE PROPERTY INCLUDES THE 4,100 SQ FT BAR AND GRILL BUILDING AND A SEPARATE 700 SQ FT RESIDENTIAL RENTAL. THE 10 YEAR NNN LEASE RUNS FOR ANOTHER SIX YEARS AND HAS AN OPTION FOR A 10 YEAR EXTENSION. TENANTS HAVE A LONG TERM TRACK RECORD OF SUCCESSFUL OPERATION OF THE BUSINESS. THE LEASE HAS AN ANNUAL ESCALATOR OF A MINIMUM OF 3% BASED ON THE SAN FRANCISCO FEDERAL RESERVE CPI. THE BUILDINGS HAVE BEEN VERY WELL MAINTAINED WITH NEW ROOFS IN 2017, NEW HVAC SYSTEM, NEW ELECTRICAL PANELS, AND A NEW ASPHALT PARKING LOT IN 2015. THE PARKING LOT HAS BEEN SLURRY SEALED EVERY TWO YEARS. GROSS MONTHLY INCOME IN 2020 IS $6,008/MONTH FOR A TOTAL ANNUAL INCOME OF $72,096. THE ASKING PRICE REFLECTS AN ACTUAL 6.4% CAP RATE BASED ON NET INCOME. SELLER FINANCING POSSIBLE WITH SUBSTANTIAL DOWN PAYMENT.