Restaurant
Long John Silver's
1295 National Hwy, La Vale, MD 21502
Listing Price: $1,838,383
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
Broker of Record
Listing Price: $1,838,383
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
Broker of Record
