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Restaurant

Long John Silver's

225 W 30th St, Connersville, IN 47331

Listing Price: $864,286

Cap Rate
5.25%
Tenant Name
Long John Silver's
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
1,797
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 225 West 30th Street in Connersville, Indiana. The site constructed in 1987, consists of roughly 1,797 rentable square feet of building space on estimated 0.51 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 $41,250. There are two (2), five (5)-year tenant renewal options.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Long John Silver's

Listing Price: $864,286

Cap Rate
5.25%
Tenant Name
Long John Silver's
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
1,797
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.25

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 225 West 30th Street in Connersville, Indiana. The site constructed in 1987, consists of roughly 1,797 rentable square feet of building space on estimated 0.51 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 $41,250. There are two (2), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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