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Views: 12 DOM: 19 Updated: 08.28.24 Posted: 08.28.24 Status: Active

Summary

Price $520,000
Built/Renov 2024
Tenant Long John Silver's (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,190
Lease Start 03-07-2013
#Units 540
Price/SF $237.44
Expiration 04-30-2026
Tenant Type Fast Food/QSR
NOI $26,000
R. Term 1.7
Ownership Fee Simple
Rent/SF $11.87
Increases 0.0%/0/yrs
Pop 5Mi 99,561
Lot/AC 0.99
Options 4/3yrs
AHHI 5Mi $65,192

Lease Highlights

  • New 2024 construction
  • Long John Silver’s has 1+ years remaining on the current ground lease term with 4 (3-year) options to extend
  • The lease features fluctuating rental escalations at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Long John Silver's is strategically located on Jewella Avenue, with access to 15,400 vehicles passing by daily. The property is situated directly off the Inner Loop Expressway, which sees 53,900 VPD, providing convenient on/off ramp access. Additionally, it is positioned just 1 mile from U.S. Highway 171, a major retail thoroughfare in Shreveport with 37,700 VPD. The immediate area features...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Long John Silver's
  • Guarantor:Corporate
  • Company:LJS Partners
  • # Units:540
  • Stock:Private

About Tenant

Long John Silver's (“LJS”) is the world’s most popular quick-service seafood chain. The first restaurant opened in 1969 in Lexington, Kentucky under the name Long John Silver's Seafood...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,912 42,863 96,310
2023 Total Population : 6,116 44,421 99,561
2023 Employed Civilian Pop : 2,786 18,454 42,897
2023 Total Businesses : 405 1,712 5,105
2023 Average Household Income : $ 53,184 $ 54,106 $ 65,192
2023 Total Consumer Spending : $ 115 M $ 850 M $ 2343 M
2023 Median Age : 36 36 37
2023 Total Households : 2,485 17,944 41,141
2023 Pop Age 25+: Bachelor's Degree : 423 2,818 8,617
2023 Average Home Value : $ 173,083 $ 162,373 $ 209,392
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Jewella Ave Southpark Service Dr Rd 2007 13,146 0.07 mi
Jewella Ave Crestwood Dr 2008 12,573 0.10 mi
Southside Dr Anne Ave 2007 1,967 0.14 mi
2008 3,501 0.15 mi
Southside Dr Sara Ln 2007 1,876 0.16 mi
Jewella Ave Mackey Ln 2007 12,561 0.17 mi
2008 4,423 0.22 mi
Jewella Ave Mackey Ln 2011 9,436 0.23 mi
Southside Dr Mansfield Rd 2011 2,623 0.24 mi
Mansfield Rd Southside Dr 2011 26,650 0.28 mi

Listing Broker

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