Restaurant
Long John Silver's
6198 Cressona Mall Rd, Pottsville, PA 17901
Listing Price: $1,070,707
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Long John Silver’s located at 6198 Cressona Mall Rd in Pottsville, Pennsylvania. The site constructed in 1974, consists of roughly 2,640 rentable square feet of building space on estimated 0.70 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 $53,000 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: $1,070,707
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 6198 Cressona Mall Rd in Pottsville, Pennsylvania. The site constructed in 1974, consists of roughly 2,640 rentable square feet of building space on estimated 0.70 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 $53,000 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
