LONG JOHN SILVERS – BRAND NEW VALUE-ADD — Sale in Shreveport, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Shreveport, LA 71118

Photos

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Investment Figures

Cap rate
3.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This offering presents a rare opportunity to acquire a newly constructed, corporate-operated drive-thru QSR with over 40 years of continuous Long John Silver’s operation under the same national brand, featuring significant embedded rent upside. On December 1, 2022, Long John Silver's executed a new Lease Amendment with options through April 30th, 2038. Just 17 days after, a fire destroyed the original Long John Silvers 1983 built restaurant. This granted the tenant the right to vacate; but they instead reinvested $650,000~ of corporate capital alongside $950,000~ of insurance proceeds to redevelop the lot from the ground up into its latest prototype. The property reopened on August 18, 2024, and it was said they did $110,000 their opening week. The core investment upside lies in the ability to reset rents to market. Current rent is $28K/yr whereas market rent for similar newly built QSR today is $166K/yr. Upon expiration of the remaining term and options in 12 years, there will be a substantial increase in rent to market levels allowing significant value and income growth. The property is situated in a vibrant retail hub, surrounded by well-known brands like Lowe’s, Walmart Supercenter, Chick-fil-A, and Raising Canes. It is also located 4.5 miles from the Shreveport Regional Airport with carriers such as American, Delta, United, etc. With below-market rent and the potential for substantial increases upon lease expiration, this property represents a promising investment opportunity for future growth. Investment Highlights: • REMARKABLY LOW RENT | CORPORATE OPERATED • RARE PREMIUM 2024 CONSTRUCTION • STRONG LEASE | ZERO LANDLORD RESPONSIBILITIES • STRONG ACCESSIBILITY AND VISIBILTY • SUBSTANTIAL FUTURE UPSIDE POTENTIAL

Market Context

This food service in Shreveport, LA is listed for sale. It is offered at an approximate 3.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Shreveport, LA — view the full market.

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