Excellent corner location for this downtown Arcata 3 unit commercial income property. Busy foot traffic full of HSU students and others walking to and from the downtown plaza. Not to mention the busy vehicle traffic on this 4-way stop sign intersection. Great exposure and visibility for excellent retail sales! Long term tenants include the Jogg'N Shoppe and Barnes Arcata Family Drugs with the recent addition of New World Water. All lease are on a NNN basis (tenant pays for property taxes, insurance and maintenance). 2017 rate of return is 6.5%; then 6.7% for 2018; and 6.86% for 2019. (The rate of returns do not include capital reserves or property management expenses.) Total SQ FT is 5,191 sf as per site plan provided by seller.
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