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| Price $3,032,000 | Built/Renov 2001 | Tenant Bob Evans |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,615
| Lease Start
08-01-2023
| #Units
440
|
| Price/SF $539.98 | Expiration
07-31-2043
| Tenant Type Casual Dining |
| NOI $212,242 | R. Term 18.10 | Ownership Fee Simple |
| Rent/SF
$37.80
| Increases 2.0%/4/yrs | Pop 5Mi 114,497 |
| Lot/AC 1.67 | Options 4/5yrs/2% | AHHI 5Mi $71,152 |
| | |
Bob Evans is strategically located near the signalized, hard corner intersection of S. Cedar St., a major retail thoroughfare and American Rd with a combined daily traffic count of 56,000 vehicles. The property serves as an outparcel to a Menards anchored center, featuring well-known national/credit tenants including Wendy’s and KFC. Adjacent to Edgewood Town Center, a Target anchored center,...
...Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway visibility
Dense 100M+ pop 5 mi
Major MSA
Brand new lease
Absolute NNN
Annual rent increases
Corporate Guarantee
Bob Evans Restaurants, also known as Bob Evans, is an American chain of restaurants featuring a country theme. In addition to casual dining fare, most locations sell baked goods, snacks, and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,641 | 61,105 | 114,356 |
| 2023 Total Population : | 7,778 | 61,597 | 114,497 |
| 2023 Employed Civilian Pop : | 3,626 | 30,509 | 56,059 |
| 2023 Total Businesses : | 422 | 1,758 | 3,473 |
| 2023 Average Household Income : | $ 64,372 | $ 74,524 | $ 71,152 |
| 2023 Total Consumer Spending : | $ 204 M | $ 1733 M | $ 3012 M |
| 2023 Median Age : | 36 | 37 | 36 |
| 2023 Total Households : | 3,610 | 26,606 | 48,423 |
| 2023 Pop Age 25+: Bachelor's Degree : | 938 | 8,549 | 16,017 |
| 2023 Average Home Value : | $ 147,624 | $ 162,414 | $ 164,883 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Amwood Dr | 2022 | 6,794 | 0.04 mi | |
| BETWEEN CEDAR AND AMWOOD (IN LANSING) | Amwood Dr | 2021 | 6,787 | 0.04 mi |
| South Cedar Street | S Pennsylvania A | 2022 | 24,077 | 0.08 mi |
| S Pennsylvania Ave | I- 96 Bus Lp | 2002 | 17,975 | 0.10 mi |
| American Rd | 2022 | 12,764 | 0.10 mi | |
| BETWEEN AMERICAN AND PENNSYLVANIA (IN LANSING) | American Rd | 2021 | 12,751 | 0.10 mi |
| American Road | S Pennsylvania A | 2022 | 4,014 | 0.11 mi |
| Cedar St | Roth Dr | 2005 | 45,625 | 0.18 mi |
| S Cedar St | Pierpont St | 2021 | 16,974 | 0.20 mi |
| South Pennsylvania Avenue | Samantha St | 2022 | 16,974 | 0.20 mi |
Canton, MI
Cap Rate 7.00%
Lease Abs NNN
R. Term 7.60 yrs
Size/SF 6,511
Joliet, IL
Cap Rate 7.40%
Lease Abs NNN
R. Term 7.90 yrs
Size/SF 12,448
Beaumont, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 6,167
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
