Captain D's Real Estate For Sale
NNN Captain D's Properties
Captain D’s makes for a highly desirable net leasing opportunity, given that the overall quick service food and dining market in the United States is among the most promising for long term stability. Additionally, many seafood franchises have strong records of success in the various locations they are placed, whether it’s city, rural, or right in the heart of suburbia.
The average Captain D’s leasing terms are absolute NNN, which may range anywhere from fifty to twenty years. While corporate owned locations will often yield lower capitalization rates than their franchised counterparts, yearly price bumps of one to two percent, or even 7 to 10 percent every three to five years, these are not uncommon. In fact, many recent property transactions have been found with under ten years left, while all new Captain D’s leasing opportunities are hitting the market as fresh as their seafood.
Once upon a time in 1969, Captain D’s was first known as Mr. D’s Seafood and Hamburgers. The very first location opened in Donelson, TN that year. With the success of their popular hand-battered fish and chips, they opened up fifteen stores in 4 years and never looked back.
During the eighties and nineties, the Southeast United States began to experience new franchise opportunities. With a considerable amount of locations spread throughout, Captain D’s was primed for success. At that time, they totaled 513 quick service locations across twenty one states. Out of that number, franchisees had owned approximately half.
With a newly concerted effort to work with franchisees, Captain D's underwent a fresh influx of franchise growth while riding the waves of their own success into the present day. The success being self-evident given that in the past 2 years, average sales revenues broke $1.4 million.
In 2016, the Q2 report marked Captain D’s nineteenth straight quarter of consistent sales growth. They are now looking forward with plans to expand, being on track to open 5 more locations in the region of Savannah, GA, 3 more restaurants in Dallas, TX, and yet another to be built in Hopewell, VA.
With delicious menus that are cooked-to-order, Captain D’s entrees continue to include freshly grilled foods like surf n’ turf, hush puppies, shrimp, Southern flavored sweet teas and tasty desserts. Today, they remain the top franchisor for seafood as found QSR magazine’s top fifty best restaurants.
NNN Captain D’s
Store Sales have Increased 4 Consecutive Years. Proven […]
NNN Captain D’s
8.0% increases every 4 years with two 10-year […]