1304 E Main St - Restaurant FOR SALE


Ashland, OH 44805
$2,372,519 USD
201-215-1802
1304 E Main St, Ashland, OH for Sale
$2,372,519 USD
Restaurant - FOR SALE
1/7
null | 6.5% Cap Rate

1304 E Main St
Ashland, OH 44805


HIGHLIGHTS

  • Long Term Tenant
  • Scheduled Rent Increases
  • Zero Landlord Responsibilities
  • Dynamic Tenant
  • Strategic Retail Location
  • Area Economic Drivers

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Bob Evans investment property located at 1304 E Main Street in Ashland, Ohio (the “Property”). Bob Evans signed a new 19-year lease in 2018 demonstrating their commitment to the site and the market. Bob Evans has 11+ years remaining on their Absolute NNN lease with six (6), 5-year renewal options. The lease features attractive 2% annual rent increases throughout the primary lease term and the renewal options. Bob Evans enjoys excellent frontage and visibility at the signalized intersection of E Main Street (OH Route 96) and US Routes 42, the area’s primary commercial and commuter corridors. Bob Evans is positioned just east of Downtown Ashland and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Ashland’s residential neighborhoods, Ashland University, and Samaritan Hospital. Ashland is in north central Ohio approximately 60-miles south of Cleveland and 80 miles north of Columbus.

FOR SALE DETAILS

PRICE

$2,372,519 USD

PRICE/SF

$662 USD /SF

CAP RATE

6.5%

% 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

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

B3

APN/PARCEL ID

P43-118-0-0029-00

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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