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Restaurant

Long John Silver's

1295 National Hwy, La Vale, MD 21502

Listing Price: $1,838,383

Cap Rate
4.95%
Tenant Name
Long John Silver's
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,578
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.30

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1295 National Hwy in La Vale, Maryland. The site was recently renovated in 2017 and consists of roughly 2,578 rentable square feet of building space on estimated 0.98 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on close of escrow. The annual rent is $91,000 and will grow by 10% every 5 years during the base lease term and during the six, five year tenant renewal option periods.

Investment Highlights

  • 15-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Corporate Guarantee from Long John Silver's
  • Recently Remodeled Building | Updated in 2017

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

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Restaurant

Long John Silver's

Listing Price: $1,838,383

Cap Rate
4.95%
Tenant Name
Long John Silver's
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,578
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.30

Investment Highlights

  • 15-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Corporate Guarantee from Long John Silver's
  • Recently Remodeled Building | Updated in 2017

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1295 National Hwy in La Vale, Maryland. The site was recently renovated in 2017 and consists of roughly 2,578 rentable square feet of building space on estimated 0.98 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on close of escrow. The annual rent is $91,000 and will grow by 10% every 5 years during the base lease term and during the six, five year tenant renewal option periods.

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

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): MD: 5005538

    Maryland

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