Bob Evans - Streetsboro, OH_Pand te koop
Bob Evans - Streetsboro, OH_Pand te koop
9361 State Route 14, Streetsboro, OH, 44241, US

Bob Evans - Streetsboro, OH

Objectomschrijving

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.

...

Attributen

Vraagprijs
€ 2.910.000
Cap rate
7%
NOI
€ 204.000
WAULT
19 jaren
Netto gebouwoppervlakte
616 vierkante meter
Bezettingspercentage
100%

Media

Investeringskenmerken

  • 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_Pand te koop
Bob Evans - Streetsboro, OH 4_Pand te koop

Contact adviseurs

Bob Evans - Streetsboro, OH (0 Eigendommen)
Heeft u vragen? Bezoek onze FAQ-pagina
Bekijk FAQ-paginaArrow Right
JLL kan u helpen bij de financiering en het beheer van uw portefeuille. E-mail ons vandaag nog om te zien hoe we u kunnen helpen uw ambities te realiseren.
Laatst bijgewerkt
Jul 2, 2024