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Restaurant

Long John Silver's

6198 Cressona Mall Rd, Pottsville, PA 17901

Listing Price: $1,070,707

Cap Rate
4.95%
Tenant Name
Long John Silver's
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.08

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.

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

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Restaurant

Long John Silver's

Listing Price: $1,070,707

Cap Rate
4.95%
Tenant Name
Long John Silver's
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
2,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.08

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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