Bob Evans 255 E Margaret Ave

We are pleased to offer for sale the Bob Evans property located at 255 E Margaret Ave in Terre Haute, Indiana ("The Property"). Bob Evans has been successfully operating at this location under a corporate-backed absolute triple net (NNN) lease with more than 15 years remaining on the primary term. The lease calls for 2% annual rental increases in both the primary term and option periods and ensures no landlord responsibilities, providing investors with a truly passive and secure income stream.
Located adjacent to South Third Street Shopping Center, the Property is situated within 2.5 million square feet of retail space within 1 mile, and surrounding the Property is a robust mix of national retailers and service providers, including Walmart, Target, Lowe’s, Meijer, and Menards, as well as popular dining establishments such as Cracker Barrel, Texas Roadhouse, and Chick-fil-A.
The Property is strategically positioned along East Margaret Avenue. This heavily traveled roadway connects to U.S. Highway 41 (31,000+ vehicles per day) and is less than half a mile from Interstate 70 (45,000+ vehicles per day). Additionally, the Subject Property is located near Indiana State University, with over 8,700 students.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, IN DRE Lic. #RB14037939.