Listed by Northmarq Capital, LLC
$2,279,969
Bob Evans (Corporate)
Details
APN 06 W300080003
Property Type Retail
Sub Type Restaurant
Square Footage 5,087
Cap Rate 6.5%
NOI $148,198
Occupancy 100%
Tenancy Single
Brand/Tenant Bob Evans
Lease Type Absolute NNN
Lease Term 18.4
Lease Expiration 07/31/2043
Remaining Term 17.2
Lease Options 4 x 5 year
Price per SqFt $448
Year Built 2012
Buildings 1
Stories 1
Acreage 1.780
Investment Type Net Lease
Lease Commencement 02/24/2025
Retail | 6.50% CAP | 5,087 SqFt
Marketing description
Northmarq is pleased to present for sale the exclusive single-tenant Bob Evans Restaurant located at 1366 Wagner Avenue in Greenville, Ohio, the county seat of Darke County and the area’s primary retail and dining hub. The Property is secured by a corporate guaranty and operated under a long-term absolute NNN lease, providing investors with a truly passive ownership structure and no landlord responsibilities.
Investment highlights
- Long-Term, Absolute NNN Lease with Annual Increases
- Corporate Guaranty
- Long-Term History at Site with Strong Reported Sales
- Prime Retail Corridor Location
- Two Parcels Totaling 1.76 Acres with Ample Parking & Two Points of Access
- Nationally Recognized Restaurant Brand
Listing Contacts
Listed by Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,198.00
$12,349.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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