103 County Road 406 - Restaurant FOR SALE
South Point, OH 45680 |
$3,085,086 USD
332-345-4222
103 County Road 406
South Point, OH 45680
HIGHLIGHTS
- 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.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Bob
Evans located at 103 Country Rd 406, South Point, OH 45680.
The site consists of roughly 3,497 rentable square feet of building
space on an estimated 1.3-acre parcel of land. This Bob Evans is
subject to a 20 Years-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.
FOR SALE DETAILS
PRICE
$3,085,086 USD
PRICE/SF
$882 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bob Evans
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
-
APN/PARCEL ID
06-098-0700-001,06-098-1000-001
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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