Long John Silvers/A&W

Dodge City, KS

Price $767,000
Cap Rate 6.00%
TYPE Single-Tenant
Tenant Long John Silver's/A&W
LISTING AGENT Justin Carlson
480-214-5088 x105

Property Description

Long John Silver’s is the nation’s largest quick-service seafood chain with nearly 1,000 franchised and company-owned restaurants nationwide and A&W is the America’s first and oldest restaurant chain with 1,100 locations worldwide. The subject property has a brand new 15 year Absolute NNN lease with 8% rental escalations every 5 years and two 5 year renewal options. The tenant, Estes Enterprise, Inc., is an experienced 15 unit operator with numerous accolades for operational excellence. This location has been successfully operating for decades with an attractive 8% rent-to-sales ratio and was recently remodeled to the dual brand prototype. The store has been trending at an average 10% year over year increase after the remodel.

Long John Silver’s and A&W is located in Dodge City, Kansas, on the main East/West thoroughfare with high drive-by visibility. The store is 2 miles from Dodge City Community College, a 2 year public college with a total enrollment of 1,785, and is within 3.5 miles of Pratt Regional Medical Center and Western Plains Regional Hospital. The Boot Hill Casino & Resort sits just 2 miles from the subject property and features nearly 700 slot machines and 18 table games. Nearby retailers include Walmart Supercenter, Dollar Tree, Hobby Lobby, Family Dollar, Orscheln Farm & Home, Dillons, JCPenney, Sears Hometown Store, Tractor Supply Co., Wright Park Zoo and more.

*In Association With: Lockwood Realty, LLC

Property Highlights

  • Brand New 15 Year Absolute NNN Lease with 8.0% Rental Escalations every 5 Years
  • Successfully Open & Operating for Decades with an Attractive 8% Rent-to-Sales Ratio!
  • Recently Remodeled to Dual Brand Prototype: Trending at an Average 10% Year Over Year Increase after Remodel
  • This Location is in the Limited Test & a Future Recipient of a New Drive-Thru Menu Platform
  • Tenant: Estes Enterprise, Inc. is an Experienced 15 Unit Operator with Numerous Accolades for Operational Excellence
  • High drive-by visibility: Situated on Main East/West Thoroughfare in Dodge City where Traffic Counts Exceed 17,650 CPD
  • Demographics – Total Population: 31,709 | Average Household Income: $66,720