Restaurant
Long John Silver's
212 W US-20, Michigan City, IN 46360
Listing Price: $739,074
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 212 West U.S. 20 in Michigan City, Indiana. The site consists of roughly 1,880 rentable square feet of building space on estimated 0.95-acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on May 17, 2018. The annual rent is $38,801. There are two (2), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $739,074
Investment Highlights
- Long-Term, 15-Year Absolute Triple Net (NNN) Lease | Approximately 11 Years Remaining
- Attractive Rental Increases of 10% Every Five (5)-Years
- Corporate Tenant | Corporate Guarantee
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 212 West U.S. 20 in Michigan City, Indiana. The site consists of roughly 1,880 rentable square feet of building space on estimated 0.95-acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on May 17, 2018. The annual rent is $38,801. There are two (2), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
