Bob Evans
Taylor, Michigan
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NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 20465 Eureka Rd in Taylor, Michigan. The site consists of roughly 5,578 rentable square feet of building space on estimated 1.68-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 $191,000 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
Talk to the pros
Andrew Darby
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