Bob Evans
South Point, OH
Key Details
| Price: | $3,085,086 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $215,956 |
| Address: | 103 County Road 406, South Point, Ohio 45680 |
| 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: | 1.30 Acres |
| Building Size: | 3,497 SF |
| Year Built: | 1995 |
NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 103 County Road 406, South Point, Ohio 45680. The site consists of roughly 3497 rentable square feet of building space on an estimated 1.3-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 $215,956 and has scheduled increases of 2.00% Annually Starting May 2027.
About the Investment
- This Bob Evan's is situated on a 3,497 square foot property and has a 20-year triple net lease with zero landlord responsibilities.
- This property is guaranteed by Bob Evans LLC, a nationally recognized casual dining brand with 440+ units.
- This investment property has attractive rental increases with 2.00% annual bumps starting May 2027.
- The subject property has over 55,000 individuals residing within a five-mile radius and over 136,000 individuals residing within a ten-mile radius.
Key Details
| Price: | $3,085,086 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $215,956 |
| Address: | 103 County Road 406, South Point, Ohio 45680 |
| 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: | 1.30 Acres |
| Building Size: | 3,497 SF |
| Year Built: | 1995 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Daniel Price
dprice@nnnpro.com
License: NY: 10401306175
Rocco Driscoll
rdriscoll@nnnpro.com
License: NY: 10401370484
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.