1304 E Main St - Restaurant FOR SALE


Ashland, OH 44805
$2,159,842 USD
858-212-6751
1304 E Main St, Ashland, OH for Sale
$2,159,842 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

1304 E Main St
Ashland, OH 44805


HIGHLIGHTS

  • PRICE REDUCED!!!! 2% Annual Rental Increases
  • Bob Evans with over 450 locations nationwide

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,159,842 USD

PRICE/SF

$603 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B3

APN/PARCEL ID

P43-118-0-0029-00

ASK ABOUT THIS PROPERTY

Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

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Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.