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Bob Evans 7781 Dudley Dr 4,998 SF Retail Building West Chester, OH 45069 $4,069,107 CAD ($814.15 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 38+ YEAR OPERATING HISTORY
- BELOW MARKET ABSOLUTE NNN LEASE WITH 2% ANNUAL INCREASES AND 11.5+ YEARS REMAINING
- GROWING AFFLUENT POPULATION WITH AVERAGE HOUSEHOLD INCOME OF $135K+
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the opportunity to purchase a corporate Bob Evans with an over 38 year operating history in one of Cincinnati’s most affluent areas. Bob Evans pays a below market rent of just $182,251/Year with rare 2% annual increases creating a hedge against inflation. The property sits along the heavily traveled Tylersville Rd (34,122 VPD) with immediate access to I-75 (133,852 VPD). The property is being offered for $2,915,000 which equates to a 6.25% cap rate on Year One rent.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,998 SF
Building Class
C
Year Built
1987
Price
$4,069,107 CAD
Price Per SF
$814.15 CAD
Cap Rate
6.25%
NOI
$254,409 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.17 AC
Zoning
Commercial
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
252’ on Dudley Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M5610-020-000-023 | Improvements Assessment | $187,223 CAD |
| Land Assessment | $469,654 CAD | Total Assessment | $656,877 CAD |
PROPERTY TAXES
Parcel Number
M5610-020-000-023
Land Assessment
$469,654 CAD
Improvements Assessment
$187,223 CAD
Total Assessment
$656,877 CAD
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Bob Evans | 7781 Dudley Dr
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