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Bob Evans 1708 N Dixie Hwy

3,459 SF Retail Building Elizabethtown, KY 42701 £1,545,986 (£447/SF) 6.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Long-Term NNN Lease | The site is subject to a 20 year lease with over 12 years remaining and no landlord responsibilities.
  • Attractive Rental Increases | This lease features 2.00% annual rental increases in both the base term and options, providing significant income growth
  • 30 Years of Renewal Options | This lease features 6, 5-year options which brings the ultimate lease term to 50 years.
  • Strong Corporate Guarantee | Bob Evans operates over 440 corporate locations throughout the United States.

EXECUTIVE SUMMARY

NNN Pro and Bang Realty are pleased to present the exclusive listing for a Bob Evans located at 1708 N. Dixie Hwy., Elizabethtown, KY 42701. The site consists of roughly 3,459
rentable square feet of building space on an estimated 0.87-acre parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease, which commenced 4/28/2017. The current annual rent is $126,355 and has scheduled increases of 2.00% Annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,459 SF
Building Class
B
Year Built
1985
Price
£1,545,986
Price Per SF
£447
Net Initial Yield
6.50%
NOI
£100,489
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.87 AC
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1708 N Dixie Hwy, Elizabethtown, KY - AERIAL map view

NEARBY MAJOR RETAILERS

Starbucks
Bob Evans Restaurants
Olive Garden
Kroger
German American Bank
Golden Corral
Rent-A-Center
Woodforest National Bank
Steak ‘n Shake
Fazoli's

PROPERTY TAXES

Parcel Number 201-10-00-012.01 Improvements Assessment £501,034
Land Assessment £636,234 Total Assessment £1,137,267

PROPERTY TAXES

Parcel Number
201-10-00-012.01
Land Assessment
£636,234
Improvements Assessment
£501,034
Total Assessment
£1,137,267
(332) 345-4222

CONTACTS

  • Listing ID: 33110799

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 1708 N Dixie Hwy, Elizabethtown, KY 42701

The Retail Property at 1708 N Dixie Hwy, Elizabethtown, KY 42701 is currently available for sale. Contact NNN Pro Group for more information.

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Bob Evans | 1708 N Dixie Hwy
(332) 345-4222 x

Bob Evans | 1708 N Dixie Hwy

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Joseph Kelly

(602) 478-4708

(602) 478-4708

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