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Bob Evans 99 Stubbs Mill Rd 4,639 SF Retail Building Lebanon, OH 45036 $3,990,227 CAD ($860.15 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 18 Year Absolute Triple Net NNN Lease
- Corporate Guarantee from Bob Evans Restaurants, LLC 440 Corporate Locations)
- Strong Traffic Counts | Over 30,900 and 18,900 Vehicles Per Day Along State Route 48 and East Main Street
- Two Percent 2% Annual Rental Increases Starting May 1st, 2027
- Strong Real Estate Fundamentals | Located Approximately One-Mile from Downtown Lebanon, OH
- Four, Five Year Tenant Renewal Options, Bringing the Potential Lease Term to 38 Years
EXECUTIVE SUMMARY
Single Tenant Bob Evans in Lebanon, OH for Sale. Absolute NNN Lease in place with Annual Increases Starting in 2027 & Corporate Guaranteed Lease.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,639 SF
Building Class
B
Year Built
1999
Price
$3,990,227 CAD
Price Per SF
$860.15 CAD
Cap Rate
6.50%
NOI
$259,356 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.11 AC
Zoning
C
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-35-228-004 | Improvements Assessment | $1,000,834 CAD |
| Land Assessment | $206,671 CAD | Total Assessment | $1,207,505 CAD |
PROPERTY TAXES
Parcel Number
13-35-228-004
Land Assessment
$206,671 CAD
Improvements Assessment
$1,000,834 CAD
Total Assessment
$1,207,505 CAD
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Bob Evans | 99 Stubbs Mill Rd
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