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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

Key Details

Price:
$3,638,427
Cap Rate:
7.00%
Annual Rent:
$254,690
Address:
3260 Village Drive, Franklin, Ohio 45005
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
Lot Size:
1.81 Acres
Building Size:
5,539 SF
Year Built:
2006
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

Bang Realty Inc./Other Bang Realty Entity

License: BRK.2009000214


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