Bob Evans
Marietta, OH
Key Details
| Price: | $3,571,429 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $250,000 |
| Address: | 504 Pike Street, Marietta, Ohio 45750 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 7/24/2023 |
| Lease Expiration: | 7/31/2043 |
| Lease Term Remaining: | 18.6 Years |
| Rental Increases: | 2.00% Annually Starting May 2027 |
| Lot Size: | 0.86 Acres |
| Building Size: | 5,215 SF |
| Year Built: | 1981 |
| Year Renovated: | 2004 |
NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 504 Pike Street, Marietta, Ohio 45750. The site consists of roughly 5215 rentable square feet of building space on an estimated 0.86-acre parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease, which commenced 7/24/2023. The current annual rent is $250,000 and has scheduled increases of 2.00% Annually Starting May 2027.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Two Percent (2%) Annual Rental Increases Starting May 1st 2027
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
Key Details
| Price: | $3,571,429 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $250,000 |
| Address: | 504 Pike Street, Marietta, Ohio 45750 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 7/24/2023 |
| Lease Expiration: | 7/31/2043 |
| Lease Term Remaining: | 18.6 Years |
| Rental Increases: | 2.00% Annually Starting May 2027 |
| Lot Size: | 0.86 Acres |
| Building Size: | 5,215 SF |
| Year Built: | 1981 |
| Year Renovated: | 2004 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Robert Stein
rstein@nnnpro.com
License: NY: 10401341647
Walker Stevens
wstevens@nnnpro.com
License: NY: 10401381479
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BRK.2009000214
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.