1870 Michigan St - Restaurant FOR SALE


Sidney, OH 45365
$2,502,500 USD
332-345-4222
1870 Michigan St, Sidney, OH for Sale
$2,502,500 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

1870 Michigan St
Sidney, OH 45365


HIGHLIGHTS

  • Absolute Triple Net Lease Zero Landlord Responsibilities
  • Attractive Rental Increases 2.00% Annually
  • Affluent Community Average Income Exceeds $75,000 Within a Five-Mile Radius of The Subject Property

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 1870 W. Michigan St., Sidney, OH, 45365. The site consists of roughly 6,069 rentable square feet of building space on an estimated 1.77-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 $175,175 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,502,500 USD

PRICE/SF

$412 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

1.77 AC

LAND SF

77,101 SF

ZONING

-

APN/PARCEL ID

01-18-26-352-011

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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