1360 N 21st St - Restaurant FOR SALE
Newark, OH 43055 |
$2,371,802 USD
332-345-4222
1360 N 21st St
Newark, OH 43055
HIGHLIGHTS
- Strong Corporate Guarantee from Bob Evans | The property benefits from a robust corporate guarantee provided by Bob Evans Restaurants, LLC
- Zero Landlord Responsibility | The property is secured by an Absolute Triple Net (NNN) lease, offering zero landlord responsibilities.
- 2% Annual Rental Increases | The lease includes 2% annual rental increases, providing investors with predictable year-over-year income growth.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 1360 North 21st Street, Newark, Ohio 43055. The site consists of roughly 5234 rentable square feet of building space on an estimated 1.27-acre parcel of land. This Bob Evans is subject to a 19-year Triple Net (NNN) lease, which commenced 3/9/2018. The current annual rent is $166,026 and has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$2,371,802 USD
PRICE/SF
$426 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
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.27 AC
LAND SF
55,321 SF
ZONING
-
APN/PARCEL ID
054-270540-00.003
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332-345-4222
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332-345-4222
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