Lease: Long Term 20-year NNN Lease with thirteen years remaining and 6 five-year options to renew.
Rent: NOI of $148,225, The lease has 2% annual rental increases throughout the initial term and at the beginning of each option, generating NOI and providing a hedge against inflation
Tenant: Bob Evans Farmhouse Kitchen with over 450 locations across 18 states.
Rooted in the agricultural heritage of founder Bob Evans, whose humble Farmhouse Kitchen laid the foundation for our restaurants over 70 years ago, Bob Evans continues to embody the spirit of farm-fresh ingredients and hospitality today. Today’s Bob Evans Farmhouse Kitchen remains true to tradition, utilizing fresh ingredients and fresh preparation in every dish across our nearly 450 locations in 18 states. From the classic Farmer’s Choice Breakfast to the slow-roasted, hand-carved turkey dinner, each bite reflects our dedication to delivering America’s Farm Fresh at every meal, every day.