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 8.5% 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.
The property is located in Great Bend, Kansas, on the main East/West thoroughfare with high drive-by visibility. Long John Silver’s and A&W is across the street from Walmart and nearby other retailers including Dillons, Hibbett Sports, Dollar General, Orscheln Farm & Home, Sutherlands Lumber, Family Dollar, True Value, Great Bend Brit Spaugh Zoo. The subject property is 1 mile from Great Bend Regional Hospital and less than 7 miles from Barton Community College with a total enrollment of 5,210 students.
*In Association With: Lockwood Realty, LLC