Tenant: Long John Silver’s | Cincinnati, OH
Premises: 2,484 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 10/18/2035
Lease Type: Absolute NNN
Rental Increases: 7% Every 5 Years
Sands Investment Group is Pleased To Exclusively Offer For Sale the 2,484 SF Long John Silver’s Absolute NNN Fast Food Property Located at 842 Eastgate South Drive in Cincinnati, Ohio. With Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease and Attractive Rent Increases Every 5 Years, This Opportunity Provides For a Best-of-Class Investment With Income Growth in the Desirable Ohio Market.
In Cooperation With ParaSell, Inc., A Licensed Ohio Broker
Lic. # REC.2020005946 BoR: Scott Reid – Lic. # BRKP.2020001224
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Long John Silver’s, Inc., is a United States-based fast-food restaurant. Founded in 1969 in Lexington, Kentucky, the company’s headquarters are now in Louisville, Kentucky. The brand’s name is derived from the novel Treasure Island by Robert Louis Stevenson, in which the pirate “Long John” Silver is one of the main characters. Formerly a division of Yum! Brands, Inc., the company was divested to a group of franchisees in September 2011 and is now 80% franchise owned.
Over the last 50 years, Long John Silver’s has combined its national scale, strong consumer awareness, craveable menu, compelling proposition, and unmatched seafood knowledge and expertise to serve over one million customers per week. Today, Long John Silver’s owns, operates and franchises the largest seafood QSR system in the world, with over 670 restaurants (80% franchised) located across 40 U.S. states, Puerto Rico, Singapore and the Philippines generating annual system wide sales of approximately $500 million. Long John Silver’s is the largest seafood QSR operator in the world, and the only operator in the U.S. with a national presence. Craveable seafood, like that offered by Long John Silver’s, has grown in popularity as a healthier alternative to typical QSR offerings.