504 Pike St - Restaurant FOR SALE


Marietta, OH 45750
$3,571,429 USD
332-345-4222
504 Pike St, Marietta, OH for Sale
$3,571,429 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

504 Pike St
Marietta, OH 45750


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Two Percent (2%) Annual Rental Increases Starting May 1st 2027
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 504 Pike St in Marietta, Ohio. The site consists of roughly 5,215 rentable square feet of building space on estimated 0.86-acre parcel of land. This Bob Evans is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 24th, 2023. The current annual rent is $250,000 and is scheduled to increase 2% annually starting on May 1st 2027 and throughout the base term as well as in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,571,429 USD

PRICE/SF

$685 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

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

2400-40992-000,2400-40994-000

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.