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 newer roof on the main building, and new asphalt in the parking lot in 2014. The parking lot has been slurry sealed approximately every three years. Gross monthly income is $6,308/month- total annual income of $75,296. Per the Seller NOI is $72,696. Cap Rate is 7.3% at the listed price. Escalator will increase gross income to $77,535 in January-Cap Rate will increase to 7.49%. Seller financing possible with substantial down payment