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Bob Evans

Greenville, Ohio

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NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 1336 Wagner Ave in Greenville, Ohio. The site consists of roughly 5,568 rentable square feet of building space on estimated 1.76-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 $206,936 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

Key Details

Price:
$3,065,712
Cap Rate:
6.75%
Annual Rent:
$206,936
Address:
1336 Wagner Ave, Greenville, Ohio 45331
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 1st2027
Lot Size:
1.76 Acres
Building Size:
5,568 SF
Year Built:
2010
Tenant:
Bob Evans

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Kyle Karsian

License: 10401321452

Robert Stein

License: 10401341647

Nicole Lin

License: 10401370612

Broker of record

Brian Brockman

Bang Realty, Inc

License: BRK.2009000214


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