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Views: 146 DOM: 330 Updated: 09.12.24 Posted: 12.27.23 Status: Active

Summary

Price $3,184,000
Built/Renov 2008
Tenant Bob Evans
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,218
Lease Start 08-01-2023
#Units 440
Price/SF $610.20
Expiration 07-31-2043
Tenant Type Casual Dining
NOI $222,854
R. Term 18.8
Ownership Fee Simple
Rent/SF $42.71
Increases 2.0%/4/yrs
Pop 5Mi 50,221
Lot/AC 1.12
Options 4/5yrs/2%
AHHI 5Mi $69,366

Lease Highlights

  • Bob Evans recently signed a brand-new 20-year lease with 4 (5-year) options to extend 
  • Lease features 2% annual renal increases starting in May 2027 throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Bob Evans is strategically located along Sunset Boulevard, which averages 21,600 vehicles passing by daily and is the major retail thoroughfare serving the city of Steubenville. Positioned opposite Hollywood City Center, the property is situated across Sunset Blvd and shares proximity with national/credit tenants such as Kroger and T.J. Maxx. Several miles to the west lies Fort Steuben Mall, a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bob Evans
  • Guarantor:Corporate
  • Company:Bob Evans Restaurants
  • # Units:440
  • Stock:Private

About Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,598 25,815 48,924
2023 Total Population : 9,752 26,360 50,221
2023 Employed Civilian Pop : 4,207 11,322 22,123
2023 Total Businesses : 288 1,106 1,991
2023 Average Household Income : $ 58,678 $ 64,382 $ 69,366
2023 Total Consumer Spending : $ 178 M $ 605 M $ 1288 M
2023 Median Age : 34 43 46
2023 Total Households : 3,450 10,736 21,215
2023 Pop Age 25+: Bachelor's Degree : 994 2,777 5,417
2023 Average Home Value : $ 132,372 $ 132,921 $ 134,161
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
RAMP FROM SR43 SB TO LANGLEY AVE / BRADY AVE Sunset Blvd 2021 4,654 0.05 mi
Sunset Blvd Langley Ave 2016 4,390 0.09 mi
Sunset Blvd Stanton Blvd 2015 21,342 0.11 mi
RAMP FROM BRADY AVE TO SR43 NB Granard Pkwy 2021 4,219 0.13 mi
Sunset Blvd Langley Ave 2013 17,043 0.14 mi
RAMP FROM SR43 NB TO BRADY AVE Langley Ave 2021 552 0.15 mi
W Market St McDowell Ave 2002 16,280 0.23 mi
BRADY AVE Roosevelt Ave 2020 8,502 0.29 mi
West Market Street McDowell Ave 2021 17,570 0.31 mi
Ridge Avenue McDowell Ave 2021 804 0.32 mi

Listing Broker

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