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22955948
22955949

6198 Cressona Mall Rd, Pottsville, PA 17901

BB
PA RM432816, OH BRK.200900214 (+21)
Bang Realty
RS
CA 01940376
Kidder Mathews
Listed by Bang Realty, Kidder Mathews
$1,060,000
146 days on market
Updated 36 days ago

Corporate Long John Silver's

Details
APN 18-05-0143.001
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,640
Cap Rate 5.5%
NOI $58,300
Occupancy 100%
Tenancy Single
Brand/Tenant Long John Silver's
Lease Term 15.1
Lease Expiration 07/31/2037
Remaining Term 11.2
Rent Bumps Yes
Lease Options 3 x +/-5 Years
Year Built 1974
Acreage 0.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/07/2022
Ground Lease No

Long-Term Corporate NNN STNL

Marketing description

Kidder Mathews and Bang Realty are pleased to present the exclusive offering of a Long John Silver’s located at 6198 Cressona Mall Road in Pottsville, Pennsylvania. The property comprises approximately 2,640 square feet on a 0.70-acre parcel at the signalized intersection of Route 61 and Cressona Mall Road, which sees combined daily traffic counts exceeding 33,000 vehicles. The asset is subject to an absolute triple-net (NNN) lease that commenced on July 8, 2022, and expires on July 31, 2037, providing over 12 years of remaining lease term. The lease features 10% rent increases every five years and multiple renewal options, with the tenant responsible for all expenses, offering truly passive income to the investor.

Strategically positioned along Pottsville’s primary retail corridor, the property is surrounded by a strong mix of national and regional tenants including Staples, CVS, Planet Fitness, Giant, AutoZone, McDonald’s, and more. The site benefits from proximity to major demand drivers such as Lehigh Valley Hospital – Schuylkill Campus (129 beds), Schuylkill Haven School District, and Penn State Schuylkill. Over 39,000 people reside within five miles, and more than 65,000 within ten miles of the property. This high-visibility, service-oriented location provides a stable, long-term investment opportunity in a core Pennsylvania market.

Investment highlights

Long-Term, Passive NNN Lease - New 15-year absolute triple-net (NNN) lease commenced July 7, 2022, and expires July 31, 2037. Over 12 years of remaining lease term with 10% rent increases every five years. Tenant is responsible for all expenses including taxes, insurance, and maintenance.

Established National Brand – Long John Silver’s - Long John Silver’s is the largest quick-service seafood chain in the U.S., with over 600 locations and more than 10,000 employees. Operated by LJS Partners LLC, which includes original founder Jim Patterson Sr. Known for sustainability harvested, ocean-grown seafood. Actively expanding globally, including a 54-unit development agreement in Indonesia announced in 2021.

Strong Location & Demographics - Located at the signalized intersection of Cressona Mall Road and Route 61, with combined traffic counts of over 33,000 vehicles per day. Adjacent to Cressona Mall and less than one mile from Penn State Schuylkill (800+ students). Just four miles from Lehigh Valley Hospital–Schuylkill, a 129-bed regional medical facility. Surrounded by national and regional tenants including Staples, CVS, Planet Fitness, Giant Food Store, AutoZone, Burger King, McDonald’s, and more. Over 39,000 residents within a five-mile radius and more than 65,000 within a ten-mile radius.

Listing Contacts

BB
PA RM432816, OH BRK.200900214 (+21)
Bang Realty
RS
CA 01940376
Kidder Mathews
Listed by Bang Realty, Kidder Mathews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,300.00
$4,858.33/mo

Valuation Metrics

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DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Brian Brockman
License
RM432816
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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