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Restaurant

Long John Silver's

4604 Red Arrow Hwy, Stevensville, MI 49127

Listing Price: $821,627

Cap Rate
5.25%
Tenant Name
Long John Silver's
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
3,281
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 4604 Red Arrow Highway, Stevensville, MI 49127. The site constructed in 1987, consists of roughly 3,281 rentable square feet of building space on estimated 1.33-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 $39,214. 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

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Restaurant

Long John Silver's

Listing Price: $821,627

Cap Rate
5.25%
Tenant Name
Long John Silver's
Years Remaining On Lease
10.9
Guarantor
Corporate Guarantee
Rentable SF
3,281
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.15

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 4604 Red Arrow Highway, Stevensville, MI 49127. The site constructed in 1987, consists of roughly 3,281 rentable square feet of building space on estimated 1.33-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 $39,214. 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

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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