Restaurant

Long John Silver’s

2519 W Parrish Ave, Owensboro, KY 42301

Listing Price: $709,485

Cap Rate
6.00%
Tenant Name
Long John Silver’s
Years Remaining On Lease
12.70
Gross SF
1,979
Guarantor
Corporate Guarantee
Rentable SF
1,979
Price/Gross SF
$358.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.51

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Long John Silvers located at 2519 W. Parrish Avenue in Owensboro, Kentucky. The site constructed in 1975, consists of roughly 1,979 rentable square feet of building space on estimated 0.67 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on May 17, 2018. The annual rent is $42,569. There are two, five-year tenant renewal options.

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases of 10 Percent Every Five Years
  • Corporate Tenant | Corporate Guarantee

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $709,485

Cap Rate
6.00%
Tenant Name
Long John Silver’s
Years Remaining On Lease
12.70
Gross SF
1,979
Guarantor
Corporate Guarantee
Rentable SF
1,979
Price/Gross SF
$358.51
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.51

Investment Highlights

  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases of 10 Percent Every Five Years
  • Corporate Tenant | Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Long John Silvers located at 2519 W. Parrish Avenue in Owensboro, Kentucky. The site constructed in 1975, consists of roughly 1,979 rentable square feet of building space on estimated 0.67 acre parcel of land. This Long John Silver’s is subject to a long term, 15-year triple-net (NNN) lease, which commenced on May 17, 2018. The annual rent is $42,569. There are two, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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