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Views: 77 Updated: 01.11.24 Posted: 09.29.23 Status: Inactive

Summary

Price $520,000
Built/Renov 2023
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 600
Price/SF $237.44
Expiration 04-30-2026
Tenant Type Fast Food/QSR
NOI $26,000
R. Term 1.10
Ownership Ground Lease
Rent/SF $11.87
Increases 7.7%/2/yrs
Pop 5Mi 99,561
Lot/AC 0.99
Options 4/3yrs/7.7%
AHHI 5Mi $65,192

Lease Highlights

  • Long John silvers has been operating in this location since 2013
  • Tenant has over 2 years remaining on the current lease term with 4 (3-year) options to extend
  • Lease features rental increases at the start of each option (see rent roll pg. 4 of OM)
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by LJS Partners

Location Description

Long John Silver’s is strategically located along Jewella Avenue with access to 15,400 vehicles per day. The site is directly off of Inner Loop Expressway (53,900 VPD), allowing for quick on/off ramp access. Additionally, the property is positioned 1 mile from US Highway 171 (37,700 VPD) one of Shreveport’s most popular retail thoroughfares further increasing consumer draw to the area....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Long John Silver's
  • Guarantor:Corporate
  • Company:LJS Partners
  • # Units:600
  • Stock:Private

About Tenant

Long John Silver's (formerly known as Long John Silver's Seafood Shoppes and sometimes abbreviated as LJS) is an American chain of fast-food seafood restaurants. Founded in 1969, the...


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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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