Bob Evans | 1304 E Main St
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Bob Evans 1304 E Main St
3,582 SF Retail Building Ashland, OH 44805 £1,951,654 (£545/SF) 5.60% Net Initial Yield
Investment Highlights
- 2% Annual Rental Increases
- Bob Evans with over 450 locations nationwide
Executive Summary
Lease: Long Term 20-year NNN Lease with thirteen years remaining and 6 five-year options to renew.
Rent: NOI of $148,225, The lease has 2% annual rental increases throughout the initial term and at the beginning of each option, generating NOI and providing a hedge against inflation
Tenant: Bob Evans Farmhouse Kitchen with over 450 locations across 18 states.
Rooted in the agricultural heritage of founder Bob Evans, whose humble Farmhouse Kitchen laid the foundation for our restaurants over 70 years ago, Bob Evans continues to embody the spirit of farm-fresh ingredients and hospitality today. Today’s Bob Evans Farmhouse Kitchen remains true to tradition, utilizing fresh ingredients and fresh preparation in every dish across our nearly 450 locations in 18 states. From the classic Farmer’s Choice Breakfast to the slow-roasted, hand-carved turkey dinner, each bite reflects our dedication to delivering America’s Farm Fresh at every meal, every day.
Rent: NOI of $148,225, The lease has 2% annual rental increases throughout the initial term and at the beginning of each option, generating NOI and providing a hedge against inflation
Tenant: Bob Evans Farmhouse Kitchen with over 450 locations across 18 states.
Rooted in the agricultural heritage of founder Bob Evans, whose humble Farmhouse Kitchen laid the foundation for our restaurants over 70 years ago, Bob Evans continues to embody the spirit of farm-fresh ingredients and hospitality today. Today’s Bob Evans Farmhouse Kitchen remains true to tradition, utilizing fresh ingredients and fresh preparation in every dish across our nearly 450 locations in 18 states. From the classic Farmer’s Choice Breakfast to the slow-roasted, hand-carved turkey dinner, each bite reflects our dedication to delivering America’s Farm Fresh at every meal, every day.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,582 SF
Building Class
C
Year Built
1995
Price
£1,951,654
Price Per SF
£545
Net Initial Yield
5.60%
NOI
£109,293
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.40 AC
Zoning
B3 - Highway Service Business, under the jurisdiction of the City of Ashland, Ohio
PROPERTY TAXES
| Parcel Number | P43-118-0-0029-00 | Improvements Assessment | £180,231 |
| Land Assessment | £114,555 | Total Assessment | £294,786 |
PROPERTY TAXES
Parcel Number
P43-118-0-0029-00
Land Assessment
£114,555
Improvements Assessment
£180,231
Total Assessment
£294,786
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Bob Evans | 1304 E Main St
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