1997 Sunset Blvd - Restaurant FOR SALE


Steubenville, OH 43952
$3,184,000 USD
480-221-4221
1997 Sunset Blvd, Steubenville, OH for Sale
$3,184,000 USD
Restaurant - FOR SALE
1/8
null | 7% Cap Rate

1997 Sunset Blvd
Steubenville, OH 43952


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Hollywood City Center (309,000 SF) | Fort Steuben Mall (669,000 SF) | Rural King Plaza 217,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group in collaboration with Hoty Enterprises is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Bob Evans investment property located in Steubenville, Ohio. The tenant, Bob Evans Restaurants, LLC, recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases starting in May 2027 and continuing throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free-investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,184,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans | 20yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

B-2

APN/PARCEL ID

07-11815-000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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