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 $240,000 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.
About the Investment:
✓ 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
✓ Corporate Guarantee From Bob Evans Restaurants, LLC (440+ Corporate Locations)
✓ Tenant Recently Extended the Base Term to 20 Years Proving Their Commitment to
the Location
