NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at
3260 Village Drive in Franklin, Ohio. The site consists of roughly 5,539 rentable square
feet of building space on estimated 1.81-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
NNN Pro Group is pleased to present the exclusive listing for a Hardee’s located at 105 N Mechanic Street in Franklin, VA. The site consists of roughly 3,336 rentable square feet of building space on estimated 0.67-acre parcel of land. This absolute triple-net (NNN) lease was recently extended by 10 years in August 2023. The current annual rent is $80,000 and the landlord has received an average of $25,164 in additional percentage rent over the past three years. The tenant has 4, 5-year renewal options.
✓ Newly Extended 10-Year Absolute Triple Net (NNN) Lease
✓ Five and a Half Percent (5.50%)of Annual Sales in Percentage Rent
✓ Recent 2023 Remodel of the Location | Tenant Covered All Costs Showing Strong Commitment
✓ Full Franchisee Guarantee from Boddie-Noell Enterprises, Inc. – The Largest and Oldest Franchisee in the Hardee’s System Of The Nation’s Largest Pizza Hut Operators
✓ Tenant Reports Strong Sales Above the National Average for Hardee’s
