Listed by Matthews
$1,575,205
Long John Silver's
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,000
Net Rentable (SqFt) 3,000
Cap Rate 6.5%
NOI $102,388
Occupancy 100%
Tenancy Single
Brand/Tenant Long John Silver's
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $525
Year Built 1975
Year Renovated 2020
Acreage 0.780
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/21/2016
Ground Lease No
Ownership Fee Simple
6.50% CAP | 4-Way Signalized Intersection | Abs. NNN
Investment highlights
Property Highlights
- Absolute Triple-Net (NNN) Lease with zero landlord responsibilities
- 18-Unit Franchisee Guarantee from Tajay Restaurants, Inc., a subsidiary of AMPEX brands ran by CEO Tabbassum Mumtaz
- AMPEX Brands owns and operates over 300 QSR's nationwide including Taco Bell, KFC, Pizza Hut & Long John Silver's
- High-Traffic Signalized Intersection with ±26,000 VPD along North State Line Ave and ±15,000 on Arkansas Blvd
- Freestanding Restaurant with drive-thru, situated on a 0.78 acre parcel with 3,000 SF of leasable space
- Top-Performing Location ranked as the #2 Long John Silver's in Arkansas by foot traffic (Source: AlphaMaps)
- Outparcel to Albertsons, the only Albertsons location in Arkansas which sees 168,157 weekly visits
- Walmart Supercenter, located across the intersection, is ranked in the top 9% of Walmart locations nationwide
- Demographics support a population of over 66,262 residents within a 5-mile radius of the site
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,388.00
$8,532.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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