Restaurant
Long John Silver's
1865 28th St SW, Wyoming, MI 49519
Listing Price: $1,008,270
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for an Art Van Furniture Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1865 28th Street SW, Grand Rapids, MI, 49519. The site constructed in 1980, consists of roughly 1,792 rentable square feet of building space on estimated 0.89 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 $48,122. There are two (2), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Listing Price: $1,008,270
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 an Art Van Furniture Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1865 28th Street SW, Grand Rapids, MI, 49519. The site constructed in 1980, consists of roughly 1,792 rentable square feet of building space on estimated 0.89 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 $48,122. There are two (2), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
