BOB EVANS – HAMILTON, OH

Hamilton, OH

Price $2,956,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Available
Tenant Bob Evans Restaurants, LLC
LEASE TYPE Absolute NNN
SQUARE FEET 5,238
YEAR BUILT 2023
LEASE EXP. 07/31/2043
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Bob Evans has 19+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)! The Tenant, Bob Evans Restaurants, LLC operates ±439 locations in Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia & West Virginia. It is Successfully open & operating for decades with positive year over year sales trends!

The Asset is Well-positioned on a large ±1.979-acre lot with exceptional visibility/access on OH-4 & Indian Meadows Dr with traffic counts of 41,727 CPD! Retailers in Hamilton include Walmart, Target, Kohl’s, Burlington, Home Depot, Menards, Hobby Lobby, Dick’s Sporting Goods, T.J. Maxx, Old Navy, Five Below, Ulta Beauty, Staples, Michaels, Party City, JCPenney, PetSmart, Best Buy, Kroger, Dollar Tree, Dollar General, Half Price Books, Urban Air Trampoline, Esporta Fitness, and Orangetheory Fitness. It Is 5 miles from Miami University Hamilton – a small, primarily nonresidential teaching university with a focus on undergraduate studies with 2,374 students enrolled consisting of 12 academic departments, offering 31 majors and 10 minors; 5 miles from Kettering Health Hamilton Hospital – a hospital offering advanced healthcare with skilled specialists and leading-edge technology with a 310-bed facility.

Property Highlights

  • 19+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)!
  • Successfully open & operating for decades with positive year over year sales trends! **Ask Broker for Details**
  • Well-positioned on a large ±1.979-acre lot with exceptional visibility/access on OH-4 & Indian Meadows Dr with traffic counts of 41,727 CPD!
  • Bob Evans Restaurants, LLC operates ±439 locations in Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia & West Virginia
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 127,816 | Average Household Income (1-MI): $156,072