5641 Mother Lode Dr
Placerville, CA 95667

FAMOUS PJ'S ROADHOUSE! Excellent investment opportunity for the investor looking for passive income from a long-term business lease and residential rental. This well known, successful business is in a high visibility location and has operated at this location for over 50 years. The property has two structures, the 4,100 sq ft bar and grill, and a separate 700 sq ft residential rental. The NNN lease runs for another four and one half years and has a 10 year option with solid tenants. Buildings have been well maintained with a new HVAC system and new roof on the majority of the main building in 2017 and new roof on the rental house in 2017. New asphalt was put down in the parking lot in 2014. The parking lot has been slurry sealed approximately every three years. Tenant is responsible for 75% of the slurry expense, Landlord is responsible for 25% of the expense. Gross monthly income is $6,308/month- total annual income of $75,696. The Escalator will increase gross income to $77,535 in January. NOI is approximately $72,696 with a Cap Rate of 7.3% at the listing price. This is a Real Property offering only. Seller financing possible with substantial down payment.