loader
Join Free
Views: 36 DOM: 22 Updated: 10.14.24 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 12.6
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity