Bob Evans - Streetsboro, OH_Actifs en vente
Bob Evans - Streetsboro, OH_Actifs en vente
9361 State Route 14, Streetsboro, OH, 44241, US

Bob Evans - Streetsboro, OH

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 6,633 square foot freestanding, single-tenant Bob Evans Restaurant located at 9361 State Route 14 in Streetsboro, Ohio (“Property” or “Asset”).


The Asset is 100% leased to Bob Evans Restaurants, LLC, a family style restaurant chain with national brand name recognition and nearly 500 locations across 18 states. Bob Evans is currently operating on a 20.0-year absolute NNN lease, with ±19.0 years remaining, 2.0% annual rent escalations beginning May 1st, 2027, and throughout the four, five-year renewal options.


The Property is strategically positioned in Streetsboro’s main retail corridor along State Route 14, with direct visibility to more than 34,000 vehicles per day, just west of State Route 43 (20,000 VPD) and less than one mile south of the Ohio Turnpike (41,000 VPD). The area features national tenancy such as Walmart, Home Depot, Planet Fitness, ALDI and Raising Canes, among others.


Notably, the Property sits adjacent to Streetsboro Crossing, a well-trafficked neighborhood center that generates more than 2.6 million visits annually. Streetsboro Crossing ranks in the Top 11% of most visited Neighborhood Centers in Ohio and the Top 10% in the nation (Placer.ai). The center is anchored by Target, Lowe’s and Giant Eagle Supermarket.

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Caractéristiques de l'actif

Prix attendu
2 910 000 €
Taux de capitalisation
7 %
Revenu net
204 000 €
WALT
19 années
Surface de l'actif Net
616 m²
Occupation
100 %

Média

Points clés d'investissement

  • Absolute NNN lease with zero landlord responsibilities and ±19.0 years of lease term remaining
  • #4 most visited Bob Evans location in a 15-mile radius (Placer.ai)
  • 2.0% annual rent escalations beginning May 1st, 2027 and throughout the four, five-year renewal options
  • Corporate lease with Bob Evans Restaurants, LLC, a renowned restaurant brand with national recognition
  • Strategically positioned in downtown Streetsboro's primary retail corridor along State Route 14 with direct visibility to more than 54,000 VPD.
  • Adjacent to educational institutions with more than 2,200+ students


Bob Evans - Streetsboro, OH 4_Actifs en vente
Bob Evans - Streetsboro, OH 4_Actifs en vente

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Bob Evans - Streetsboro, OH (0 actifs)
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Dernière mise à jour
2 juil. 2024