1850 E Dorothy Ln - Restaurant FOR SALE


Kettering, OH 45429
$2,645,869 USD
844-474-4666
1850 E Dorothy Ln, Kettering, OH for Sale
$2,645,869 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

1850 E Dorothy Ln
Kettering, OH 45429


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease With 18+ Years of Term Remaining
  • Attractive Increases - 2% Annual Bumps Starting May 1, 2027, Provide Significant Hedge to Inflation
  • Corporate Guaranteed Lease - Bob Evans Restaurants, LLC (450+ Corporate Locations)
  • Strategic Access Off of Dorothy Lane Boasting 20k+ VPD and is a Major Thoroughfare Through the Kettering Retail Corridor and Notable Shadow Anchorage
  • Seasoned Location - Bob Evans Has Successfully Operated This Location For Over 20+ Years and Has Been a Fixture of the Local Kettering Community
  • Site Commitment - Tenant Recently Signed a Brand New 20 Year Lease Showcasing Intent to Remain at the Site

OVERVIEW

Sands Investment Group is Pleased to Present For Sale This Corporate- Guaranteed Bob Evans in Kettering, OH, Featuring an Absolute NNN Lease With Zero Landlord Responsibilities. Just Two Years Ago, the Tenant Signed a Brand-New 20-Year Lease, Reaffirming Their Commitment to This Established Location. With 18+ Years Remaining, This Offering Provides a Secure, Passive Income Stream Backed By a Nationally Recognized Brand. Strategically Positioned in a High-Traffic Retail Corridor, This Property Benefits From Excellent Visibility, Strong Consumer Demand, and a Thriving Local Economy. This as a Rare Opportunity to Acquire a Stable, Long-Term Investment With a Well-Established National Tenant. In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$2,645,869 USD

PRICE/SF

$530 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans - Kettering, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

N64-03405-0163

ASK ABOUT THIS PROPERTY

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.