Long John Silver's

1716 E Oglethorpe Blvd
Albany , GA 31705-2931

Long John Silver's - Retail for sale

Overview


Situated within one of Albanys primary retail corridors, the propertys offering presents outstanding signalized hard corner accessibility, along with lease conditions including over 14 years of lease term, rental escalations and zero landlord responsibilities. The asset features exceptional unit-level performance and its lease also possesses a 25 unit guaranty by a stable southeastern quick-service operator. This offering represents the opportunity to purchase an asset with a long-term in-place lease, strong unit-level financials, and a trusted lease guaranty.

Investment Highlights


- Absolute NNN lease with 14 years remaining and in-place escalations
- Strong rent-to-sales ratio of below 7.75% provides long-term stability
- Lease guaranty from GKRM Inc., a 25+ unit operator focusing primarily on Long John Silver’s
- Proximate to national credit tenants including Walmart, Walgreensm Ross, Rite Aid, and McDonald’s
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 1716 E Oglethorpe Blvd, Albany, GA 31705-2931
Building Size 1,942  ft2
Financial
Price $590,000
Cap Rate 6.10%
Current NOI $36,000.00
Lease

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