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Views: 64 DOM: 44 Updated: 11.15.24 Posted: 10.08.24 Status: Active

Summary

Price $3,728,000
Built/Renov 1985/2009
Tenant Bob Evans
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,142
Lease Start 05-01-2018
#Units 441
Price/SF $725.01
Expiration 04-30-2037
Tenant Type Casual Dining
NOI $205,040
R. Term 12.5
Ownership Fee Simple
Rent/SF $39.88
Increases 2.0%/1/yrs
Pop 5Mi 148,291
Lot/AC 1.08
Options 6/5yrs/2%
AHHI 5Mi $75,928

Lease Highlights

  • Bob Evans has 12+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Bob Evans is strategically located at the signalized, hard corner intersection of US Highway 98 and Griffin Road, with access to a substantial daily traffic count of 76,700 vehicles. The property is ideally situated just off I-4, which sees 111,500 VPD, offering users convenient on/off ramp access. The site features excellent visibility and multiple points of ingress and egress, enhancing its...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 small...


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Listing Broker

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