Listed by Matthews
$475,000
Long John Silver's
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,640
Cap Rate 9.04%
NOI $42,922
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, Wendy's
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 12/31/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $180
Year Built 1974
Year Renovated 2010, 2026
Acreage 1.380
Investment Type Net Lease
Lease Commencement 09/30/2023
Occupancy Date 01/01/1974
Ground Lease No
Ownership Fee Simple
9.04% CAP | Strong Sales | 2026 Remodel
Investment highlights
Property Highlights
- Absolute Triple-Net (NNN) Lease: Zero Landlord Responsibilities
- Strong Sales: Tenant reports financials, demonstrating consistent, strong sales
- Active Remodel: Tenant is currently remodeling the building (May 2026)
- Ideal Operator: The tenant, DZ Management, Inc., a 2 unit Long John Silver’s operator, has been recognized by LJS Corporate as an exemplary franchisee, having displayed dedication to the brand for over 40 years
- Recent Renewal: Tenant Exercised first 5-Year Option in 2023
- Established Location: Long John Silver’s has operated here since 1973
- Percentage Rent: Additional rental income upside
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$42,922.00
$3,576.83/mo
Valuation Metrics
0
DSCR
9.04%
Cap Rate
9.04%
ROI
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