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Bob Evans 103 County Road 406

3,497 SF Retail Building South Point, OH 45680 $3,085,086 ($882/SF) 7% Cap Rate

Restaurants Ohio South Point 103 County Road 406, South Point, OH 45680

Investment Highlights

  • This Bob Evan's is situated on a 3,497 square foot property and has a 20-year triple net lease with zero landlord responsibilities.
  • This investment property has attractive rental increases with 2.00% annual bumps starting May 2027.
  • This property is guaranteed by Bob Evans LLC, a nationally recognized casual dining brand with 440+ units.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Bob
Evans located at 103 Country Rd 406, South Point, OH 45680.
The site consists of roughly 3,497 rentable square feet of building
space on an estimated 1.3-acre parcel of land. This Bob Evans is
subject to a 20 Years-year Triple Net (NNN) lease, which
commenced 7/24/2023. The current annual rent is $215,956 and
has scheduled increases of 2.00% Annually Starting May 2027.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,497 SF
Building Class
B
Year Built
1995
Price
$3,085,086
Price Per SF
$882
Cap Rate
7%
NOI
$215,956
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.30 AC
Frontage
249 FT on County Road 406

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-098-1000-001
  • 06-098-0700-001
 Improvements Assessment $194,690
Land Assessment $183,400 Total Assessment $378,090

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-098-1000-001
  • 06-098-0700-001
Land Assessment
$183,400
Improvements Assessment
$194,690
Total Assessment
$378,090
(332) 345-4222

  • Listing ID: 32816351

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 103 County Road 406, South Point, OH 45680

More public record information on 103 County Road 406, South Point, OH 45680

The Retail Property at 103 County Road 406, South Point, OH 45680 is currently available For Sale. Contact NNN Pro Group for more information.

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Bob Evans | 103 County Road 406
(332) 345-4222 x

Bob Evans | 103 County Road 406

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