The Boulder Group is pleased to exclusively market for sale a single tenant property located in Dayton, Ohio. The property is a net lease investment occupied by a net lease Long John Silvers and A&W Restaurant under a single lease. The property is strategically located along a primary thoroughfare right off of Interstate-75 with direct on and off access.<\/p>\n
The 2,246 square foot net lease Long John Silvers building features a drive-thru and is strategically located along Needmore Road, the primary east-west thoroughfare in the trade area. Road experiences traffic counts of 31,400 vehicles per day. Needmore Road connects the property to Interstate-75 with an interchange access on and off of the thoroughfare which carries 87,270 vehicles per day. The property is positioned near a number of national retailers such as Kroger, O\u2019Reilly Auto Parts and Advance Auto Parts.<\/p>\n
The property has approximately 11 years remaining on the lease which expires in September 2028. This triple net lease features 1.50% annual rent escalations and two 5-year renewal option periods.<\/p>\n
Long John Silver’s is the world’s most popular quick-service seafood chain serving nearly four million customers each week. The brand is at a three-year high on customer satisfaction and brand awareness is at 86%. With 1,000+ units in 43 states and two countries outside of the U.S. the brand has $530 million in annual sales and 28,000 global employees. Many of the Long John Silver\u2019s corporate locations and new locations were combined and co-branded with A&W Restaurants. A&W Restaurants is notable for being the first successful food franchise company. There are over 1,000 U.S. and international locations serving millions of customers each day. The Long John Silvers and A&W Restaurant lease is guaranteed by Affinity Fletcher who operates over 20 stores.<\/p>\n
INVESTMENT HIGHLIGHTS
\n\u2022 Located within the Dayton MSA
\n\u2022 Freestanding restaurant with drive-thru
\n\u2022 No landlord responsibilities
\n\u2022 11 years remaining on lease with two 5-year renewal option periods
\n\u2022 1.50% annual rental escalation in the primary term and renewal options
\n\u2022 Positioned along primary thoroughfare in the area, right off of Interstate-75, which experience a combined traffic count of 118,670 vehicles per day
\n\u2022 Positioned near a number of national retailers such as Kroger, O\u2019Reilly Auto Parts and Advance Auto Parts.<\/p>\n
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The Boulder Group is pleased to exclusively market for sale a single tenant property located in Dayton, Ohio. The property is a net lease investment occupied by a net lease Long John Silvers and A&W Restaurant under a single lease. The property is strategically located along a primary thoroughfare right off of Interstate-75 with direct […]<\/p>\n","protected":false},"author":3,"featured_media":545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[193],"class_list":["post-544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale","tag-net-lease-long-john-silvers"],"yoast_head":"\n