Long John Silver's 174 Stonebrook Pl

The property consists of an Absolute Net Leased Long John Silvers with a drive-through and a ground leased digital billboard. The property is located in the growing municipality of Jackson, TN. Jackson, the 8th largest city in Tennessee, is a dynamic and growing city located just about halfway between Nashville and Memphis. The area has great demographics with over 65,000 residents within 5 miles and an average household income of just slightly over $100,000.
The property is located directly adjacent to US Route 45 which is one of the two main highways through Jackson and accounts for over 43,000 vehicles passing this location each day. This active freeway adjacent site also proves a fantastic location for the Digital Billboard that was constructed on the property in 2017. The billboard lease is an absolute ground lease that runs through 2067 and pays a flat lease rate of $20,000 per year. The restaurant building was constructed in 1994 for Long John Silvers and has continuously operated at this site for the past 30 years. In 2023 Long John Silver’s Corporate sold this store to Charter Foods Inc., a vibrant and fast growing YUM brands franchisee based in Morristown, TN. Charter foods operates over 200 locations across the United States consisting of KFC, Taco Bell, and Long John Silvers. The lease requires the tenant to report sales and sales are good and have increased dramatically since Charter Foods took over operations.