Bob Evans
Franklin, Ohio
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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 $254,690 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