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Long John Silver’s NNN Restaurant
For Sale
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1865 28th St SW, Wyoming, MI 49519

1980-built restaurant on a leased parcel with a long-term 15-year triple-net lease and two five-year renewal options.

Property SizeContact for details
Days on Market122

Property Features for 1865 28th St SW

General Information

Standard status Active
Property subtype Retail
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 6:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT

Investment Insights

Based on property information with market context.

This Long John Silver’s restaurant was constructed in 1980 and includes approximately 1,792 rentable square feet of building space on an estimated 0.89-acre parcel. The property is offered as a triple-net (NNN) investment under a long-term 15-year lease that commenced on May 17, 2018.

Per the lease terms provided, the annual rent is $52,934. The tenant also has two (2), five (5)-year renewal options.

The property is located at 1865 28th Street SW in the address provided with the listing. It is available for sale through this exclusive offering.

Key Highlights

  • Long John Silver’s located at 1865 28th Street SW, Grand Rapids, MI 49519
  • 1980‑built restaurant with about 1,792 rentable SF on an estimated 0.89‑acre parcel
  • Long‑term 15‑year triple‑net (NNN) lease commenced May 17, 2018

Property Analytics

Current Use

Long John Silver's Restaurant

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Daycare Center Accounting Firm Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

511
Businesses Nearby
Under-served
Demand for This Use

Demographics for 49519, MI

28,025
Population
11,693
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
90%
High-School Grad
8.0 sq mi
ZIP Area
3,503
Density / Sq Mi
$75,373
Median Household Income
$39,240
Median Earnings
$1,176
Median Rent
$220,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 1980-built restaurant on a leased parcel with a long-term 15-year triple-net lease and two five-year renewal options.
Where is this conventional restaurant located?
The property is located at 1865 28th St SW Wyoming, MI.
What are key features of this property?
This property features: Long John Silver’s located at 1865 28th Street SW, Grand Rapids, MI 49519; 1980‑built restaurant with about 1,792 rentable SF on an estimated 0.89‑acre parcel; Long‑term 15‑year triple‑net (NNN) lease commenced May 17, 2018
(332) 345-4222 Call to check price and availability
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