Tenant: Long John Silver’s | North Richland Hills, TX
Premises: 2,344 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 8/2029
Lease Type: Absolute NNN
Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the Absolute Triple Net Lease Property Located at 5540 Rufe Snow Drive in North Richland Hills, Texas.
In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481
Read Additional thought leadership content from SIG, specializing in absolute triple net lease opportunities
Long John Silver’s, Inc., is an United States-based fast-food restaurant. Founded in 1969 in Lexington, Kentucky, the companies 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 960 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.
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