23 Huber Village Blvd, Westerville, OH 43081

LONG TERM TENANT: Bob Evans signed a new 20-year lease in 2017, demonstrating their commitment to the site and the market. Bob Evans has 11+ years remaining on their lease with six (6), 5-year renewal options.

SCHEDULED RENT INCREASES: The Bob Evans lease calls for attractive 2% annual rent increases throughout the primary lease term and each of the renewal options, providing the owner with a steady increase in revenue and hedge against inflation.

STRONG STORE SALES: Bob Evans has historically performed well at this location with strong reported Store Sales. Store sales are available with an NDA. Please contact the agent for more details.

ZERO LANDLORD RESPONSIBILITIES: The Bob Evans lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.

DYNAMIC TENANT: 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. 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. Bob Evans reported sales of $761 million in 2024.

STRATEGIC RETAIL LOCATION: Bob Evans is positioned at the signalized intersection of Huber Village Boulevard and S State Street (OH Route 3), the area’s primary commercial and commuter corridor. Located just south of the town center, Bob Evans is seconds from Interstate 270 and enjoys convenient access to municipal buildings, area schools, and the town’s national and local retailers and restaurants and office and industrial complexes, all of which drive traffic to the area. Additionally, the Property is just 1.8 miles from Mount Carmel-St Ann’s Medical Center (Hospital), 1.8 miles from Otterbein University, and 3.5 miles from Interstate 71.

AREA ECONOMIC DRIVERS: Economically, Westerville has cultivated a diverse base of industries. Health care, education, finance, and insurance represent major employment sectors, and the city has invested heavily in infrastructure to support business growth. A cornerstone of this development is Westar, a 941-acre business district annexed in the 1990s, which has become home to corporate offices, professional services, and large employers. To strengthen regional cooperation and job creation, Westerville also participates in initiatives like the Joint Economic Development Zone (JEDZ) with Blendon Township, which encourages investment and revenue sharing. These efforts have helped Westerville evolve from a traditional suburb into a self-sustaining economic center.

Education is another pillar of Westerville’s economy. The city is served by a strong public school system and is home to Otterbein University, a liberal arts institution that not only contributes to the cultural and intellectual life of the community but also strengthens its workforce pipeline. Partnerships with higher education and nearby industries ensure ongoing opportunities for innovation and professional development.

TRADE AREA: Retailers and businesses driving traffic to the immediate area include Walmart Supercenter, Kroger, Aldi, Kohl’s, Planet Fitness, Petco, Dollar Tree, Firestone, AutoZone, O’Reilly Auto Parts, Valvoline, Midas, Fazoli’s, Chipotle, Panera, Starbucks, McDonald’s, Burger King, Wendy’s, KFC, Taco Bell, Arby’s, Smashburger, First Watch, Papa Johns, Pizza Hut, Dunkin’, Tim Horton’s, Sheetz, and Speedway.

TRAFFIC COUNTS: The Property sees more than 46,300 vehicles per day at the signalized intersection of S State Street (OH Route 3) and Huber Village Boulevard. An additional 151,100 vehicles pass near the Property each day along Interstate 270.

DEMOGRAPHICS: Over 102,900 people live within 3-miles of the Property with an average household income of $112,152. More than 263,100 people live within 5-miles of the Property with an average household income of $117,807.