Investment Overview

This offering presents a rare opportunity to acquire a newly constructed, corporate-operated drive-thru QSR with over 40 years of continuous Long John Silver’s operation under the same national brand, featuring significant embedded rent upside. On December 1, 2022, Long John Silver's executed a new Lease Amendment with options through April 30th, 2038. Just 17 days after, a fire destroyed the original Long John Silvers 1983 built restaurant. This granted the tenant the right to vacate; but they instead reinvested $650,000~ of corporate capital alongside $950,000~ of insurance proceeds to redevelop the lot from the ground up into its latest prototype. The property reopened on August 18, 2024, and it was said they did $110,000 their opening week. The core investment upside lies in the ability to reset rents to market. Current rent is $28K/yr whereas market rent for similar newly built QSR today is $166K/yr. Upon expiration of the remaining term and options in 12 years, there will be a substantial increase in rent to market levels allowing significant value and income growth. The property is situated in a vibrant retail hub, surrounded by well-known brands like Lowe’s, Walmart Supercenter, Chick-fil-A, and Raising Canes. It is also located 4.5 miles from the Shreveport Regional Airport with carriers such as American, Delta, United, etc. With below-market rent and the potential for substantial increases upon lease expiration, this property represents a promising investment opportunity for future growth.