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Bob Evans

Bridgeport, Ohio

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NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 70 Route 7 in Bridgeport, Ohio. The site consists of roughly 5,276 rentable square feet of building space on estimated 1.39-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 $165,000 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.

 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

Key Details

Price:
$2,357,143
Cap Rate:
7.00%
Annual Rent:
$165,000
Address:
70 Route 7, Bridgeport, Ohio 43912
Property Type:
Net-Leased Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
July 24, 2023
Lease Expiration:
July 31, 2043
Lease Term Remaining:
20 Years
Rental Increases:
2% Annually Starting May 1st 2027
Lot Size:
1.39 Acres
Building Size:
5,276 SF
Year Built:
2003
Tenant:
Bob Evans

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Kyle Karsian

License: 10401321452

Robert Stein

License: 10401341647

Walker Stevens

Broker of record

Brian Brockman

BRK.2009000214

License: Bang Realty, Inc


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