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BOB EVANS (CORPORATE GUARANTY)– JACKSON, OHIO 770 E Main St

5,273 SF Retail Building Jackson, OH 45640 $3,114,000 ($591/SF) 7% Cap Rate

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Investment Highlights

19+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)!
Successfully open & operating for decades with positive year over year sales trends!
2023 DEMOGRAPHICS: Total Population (5-MI): 12,368 | Average Household Income (1-MI): $113,879

Bob Evans Restaurants, LLC operates ±439 locations
Well-positioned on a large ±1.51-acre lot with exceptional visibility/access on Main St (just north of OH-32/OH-124)

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

5,273 SF

Building Class

Year Built

2003

Price

$3,114,000

Price Per SF

$591

Cap Rate

NOI

$218,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Land Acres

1.51 AC

Zoning

Frontage

219 FT on E Main St

Amenities

Pylon Sign

Restaurant

Signage

MAJOR TENANTS

Accommodation and Food Services
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Triple Net
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Bob Evans Restaurants is a chain of family style restaurants founded and headquartered in Columbus, Ohio, which owns and operates nearly 500 locations in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States. Bob Evans believed in treating strangers like friends and friends like family; and those principles are alive today at every Bob Evans Restaurant. As a private company owned by Golden Gate Capital, Bob Evans Restaurants is focused on providing quality food and hospitality to every guest at every meal, each and every day.