Restaurant
Long John Silver's
1800 Daisy St, Clearfield, PA 16830
Listing Price: $1,030,303
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1800 Daisy St in Clearfield, Pennsylvania. The site constructed in 1977, consists of roughly 1,793 rentable square feet of building space on estimated 0.81 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commences on close of escrow. The annual rent is $51,000 and will grow by 10% every 5 years during the base lease term and during the six, five year tenant renewal option periods.
Broker of Record
Listing Price: $1,030,303
Investment Highlights
- 15-Year Absolute Triple-Net (NNN) Sale-leaseback
- Corporate Guarantee from Long John Silver's
- Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 1800 Daisy St in Clearfield, Pennsylvania. The site constructed in 1977, consists of roughly 1,793 rentable square feet of building space on estimated 0.81 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commences on close of escrow. The annual rent is $51,000 and will grow by 10% every 5 years during the base lease term and during the six, five year tenant renewal option periods.
Broker of Record
