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Bob Evans 504 Pike St

5,215 SF Retail Building Marietta, OH 45750 £2,801,465 (£537/SF) 7% Net Initial Yield

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Investment Highlights

Long-Term, 20-Year Absolute Triple Net (NNN) Lease
Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Two Percent (2%) Annual Rental Increases Starting May 1st 2027

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 504 Pike St in Marietta, Ohio. The site consists of roughly 5,215 rentable square feet of building space on estimated 0.86-acre parcel of land. This Bob Evans is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 24th, 2023. The current annual rent is $250,000 and is scheduled to increase 2% annually starting on May 1st 2027 and throughout the base term as well as in each of the 4, 5-year renewal options.