Long John Silver’s, Shawnee, Oklahoma

Investment Highlights

• Brand-New 7 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Two (5-Year) Options to Renew
• 10% Rental Increases Throughout the Option Periods, Providing a Strong Hedge Against Inflation – The Lease Was Recently Renewed Showing the Tenant’s Long-Term Commitment to the Location
• Guaranteed Lease by Silver Seafoods, Inc. (26 Units) – Long John Silver’s is a Leading Fast-Food Tenant Founded in 1969 That Operates More Than 640 Locations in 38 States & Singapore
• 35 Year Successful Operating History at the Location – Property Features a Long-Stack Drive-Thru & 75 Parking Spaces, Providing the Tenant with the Ability to Effectively Handle High Restaurant Volume, While Providing Better Convenience & Accessibility for Their Customers
• The Building Was Completely Rebuilt in 2014 & Features Long John Silver’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
• Densely Populated, Infill Location with Strong Demographics – Over 37,000 People Living in a 5-Mile Radius of the Property with Average Household Income Exceeding $63,000
• High Traffic Location – More Than 15,000 Vehicles Per Day on N. Harrison Street & Over 7,800 on Nearby Independence Road
• Strategically Positioned Across the Street from Del Plaza Barbering Shopping Center, a Save A Lot Grocery Anchored Center That Brings Daily-Needs Consumers to the Trade Area – More Than 387,000 Visits to the Center Over the Last Calendar Year
• Over 3.1 Million Square Feet of Industrial & Office Space and 4.2 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 16,500 Employees
• Strategically Positioned Near a Walgreens Drug Store That Has Averaged More Than 16,380 Visits Per Month Over the Last Calendar Year
• Approximately 2.1 Miles from Oklahoma Baptist University with Over 1,700 Students Enrolled & 113 Faculty Members
• Approximately 2.6 Miles from the 77 Bed SSM Health St. Anthony Hospital with Over $521.2 Million in Total Patient Revenue in 2021 & More Than 200 Healthcare Professionals On Staff