BOB EVANS – JACKSON, OH

Jackson, OH

Price $3,114,000
Cap Rate 7%
TYPE Single-Tenant
STATUS Available
Tenant Bob Evans Restaurants
LEASE TYPE Absolute NNN
SQUARE FEET 5,273
YEAR BUILT 2023
LEASE EXP. 07/24/2043
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 ±1.51-acre lot with exceptional visibility/access on Main St (just north of OH-32/OH-124) with traffic counts of 14,158 CPD! Bob Evan’s is Pad site to a Tractor Supply Co. Shopping Center; Retailers in Jackson include Walmart, Bealls, Cato Fashions, Shoe Dept., Hibbett Sports, Big Lots, Kroger, Save-A-Lot, Do It Best, 84 Lumber, Dollar Tree, Dollar General, Goodwill, Verizon, AT&T, Aaron’s, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, Anytime Fitness, YMCA; Dining options include Pizza Hut, Wendy’s, McDonald’s, Taco Bell, Sonic Drive-In, Burger King, Arby’s, Subway, Little Caesars, Papa Johns, La Rosa’s Pizzeria, DQ Grill & Chill, and Whit’s Frozen Custard; Accommodations include Days Inn, Quality Inn, and Red Roof Inn. Jackson has 5 public schools within the 21/2-mile vicinity with total enrollment of 2,380. 1 mile from Holzer Medical Center Jackson – a 24-bed critical access hospital with a range of medical treatments such as accidents, allergic reactions, cuts & abrasions, burns, chest pain, strokes, loss of vision or hearing, etc.

BROKER OF RECORD
Branen L. Weade | Weade Realtors & Auctioneers, LLC | LIC # BRKP.2010000364

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!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 12,368 | Average Household Income (1-MI): $113,879
  • 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
  • Well-positioned on a large ±1.51-acre lot with exceptional visibility/access on Main St (just north of OH-32/OH-124) with traffic counts of 14,158 CPD!