Property details
NNN Long John Silver's / A&W, Southwest Region
Property Description
Located in an Income Tax Free State! 
LONG JOHN SILVER' S / A&W WITH DRIVE THROUGH
This property has a drive through
Guraranteed by a 42 Unit Operator who operates 42 Long John Silver' s locations
Absolute NNN
Five5-year options
10% rent increases every 5 years
Long Term Lease-14 years
remaining & 4-5 options
Located Right off a major Highway and right next door to a New C-Store, Gas Station and Laundromat
There is approximately $400K loan, which may be assumable if needed.
Images
Highlights
- Status:
- Available
- Price:
- $945,000
- PSF:
- $425
- Cap Rate:
- 6.50%
- Rent Increases:
- 10% rent increases every 5 years
Property Information
- Building Size:
- 2,225 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Restaurant
- Units/Spaces:
- 2
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Long John Silver's / A&W Franchisee
- Lease Type:
- NNN
- Lease Expiration:
- 07/31/2030
- Lease Remaining:
- 5.7 years
- Landlord Responsibilities:
- Absolute NNN
- Options:
- Five5-year options
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.