1708 N Dixie Hwy - Restaurant FOR SALE
Elizabethtown, KY 42701 |
$1,943,923 USD
332-345-4222
1708 N Dixie Hwy
Elizabethtown, KY 42701
HIGHLIGHTS
- Long-Term NNN Lease | The site is subject to a 20 year lease with over 12 years remaining and no landlord responsibilities.
- 30 Years of Renewal Options | This lease features 6, 5-year options which brings the ultimate lease term to 50 years.
- Attractive Rental Increases | This lease features 2.00% annual rental increases in both the base term and options, providing significant income growth
- Strong Corporate Guarantee | Bob Evans operates over 440 corporate locations throughout the United States.
OVERVIEW
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Bob Evans located at 1708 N. Dixie Hwy., Elizabethtown, KY 42701. The site consists of roughly 3,459
rentable square feet of building space on an estimated 0.87-acre parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease, which commenced 4/28/2017. The current annual rent is $126,355 and has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$1,943,923 USD
PRICE/SF
$562 USD /SF
CAP RATE
6.5%
% 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
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
-
APN/PARCEL ID
201-10-00-012.01
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332-345-4222
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332-345-4222
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