This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

950 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Bob Evans 1870 Michigan St

6,069 SF Retail Building Sidney, OH 45365 $2,502,500 ($412/SF) 7% Cap Rate

Restaurants Ohio Sidney 1870 Michigan St, Sidney, OH 45365

Investment Highlights

  • Absolute Triple Net Lease Zero Landlord Responsibilities
  • Affluent Community Average Income Exceeds $75,000 Within a Five-Mile Radius of The Subject Property
  • Attractive Rental Increases 2.00% Annually

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Bob Evans located
at 1870 W. Michigan St., Sidney, OH, 45365. The site consists of roughly
6,069 rentable square feet of building space on an estimated 1.77-acre
parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease,
which commenced 4/28/2017. The current annual rent is $175,175 and has
scheduled increases of 2.00% Annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,069 SF
Year Built/Renovated
1995/2011
Price
$2,502,500
Price Per SF
$412
Cap Rate
7%
NOI
$175,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.77 AC
1 of 1
1870 Michigan St, Sidney, OH - aerial map view

Nearby Major Retailers

Nathan's Famous-delivery Only
Chase
Frisch's Big Boy
Waffle House
Bob Evans Restaurants
Anytime Fitness
Hot Head Burritos
Buffalo Wild Wings
Starbucks
Kroger

PROPERTY TAXES

Parcel Number 01-18-26-352-011 Improvements Assessment $206,010
Land Assessment $62,560 Total Assessment $268,570

PROPERTY TAXES

Parcel Number
01-18-26-352-011
Land Assessment
$62,560
Improvements Assessment
$206,010
Total Assessment
$268,570
(332) 345-4222

Contacts

  • Listing ID: 32694856

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 1870 Michigan St, Sidney, OH 45365

More public record information on 1870 Michigan St, Sidney, OH 45365

The Retail Property at 1870 Michigan St, Sidney, OH 45365 is currently available for sale. Contact NNN Pro Group for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
1870 Michigan St, Sidney, OH for sale Primary Photo- Image 1 of 3
pic 1
1870 Michigan St, Sidney, OH for sale Aerial- Image 2 of 3
pic 2

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Bob Evans | 1870 Michigan St
(332) 345-4222 x

Bob Evans | 1870 Michigan St

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Joseph Kelly

(602) 478-4708

(602) 478-4708

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link