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16230 Dresden Ave
East Liverpool, OH 43920
Bob Evans · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Escalations
- Corporate Guaranty
- State Route 39 Redevelopment
- Long-Term Operating History
- Proximity to Summit Square Shopping Center
- Strategic Tri-State Position
EXECUTIVE SUMMARY
Northmarq is pleased to present for sale the exclusive single-tenant Bob Evans Restaurant located in East Liverpool, OH, conveniently less than an hour from Pittsburgh, PA and at the tri-state area of Ohio, Pennsylvania, and West Virginia. This Property features a corporate guaranty and an Absolute NNN lease with a 20-year base term, which includes 2% annual rent increases starting in 2027 and continuing through each renewal period. Positioned as an outparcel of the Summit Square Shopping Center, the Property neighbors national tenants such as Walmart, T.J. Maxx, Dollar Tree, Arby's, and T-Mobile. The site benefits from its adjacency to Lincoln Highway and State Route 170, enhancing its visibility and accessibility in a high-traffic area. Additionally, the Property is just 10 minutes from the State Route 39 Development, which will soon expand the route to connect directly at the Pennsylvania state line. This expansion is expected to significantly improve East Liverpool’s connectivity to major highways and increase vehicular traffic to and from the area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,401 SF
Building Class
C
Year Built/Renovated
1995/2013
Price
$3,965,897 CAD
Price Per SF
$1,166.10 CAD
Cap Rate
7%
NOI
$277,613 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.88 AC
Frontage
AMENITIES
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 6107848002 | Improvements Assessment | $91,580 CAD |
| Land Assessment | $175,799 CAD | Total Assessment | $267,379 CAD |
PROPERTY TAXES
Parcel Number
6107848002
Land Assessment
$175,799 CAD
Improvements Assessment
$91,580 CAD
Total Assessment
$267,379 CAD
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