23 Huber Village Blvd - Restaurant FOR SALE


Westerville, OH 43081- Outer Northeast Columbus
$3,550,000 USD
201-215-1802
23 Huber Village Blvd, Westerville, OH for Sale
$3,550,000 USD
Restaurant - FOR SALE
1/7
null | 6.6% Cap Rate

23 Huber Village Blvd
Westerville, OH 43081
Outer Northeast Columbus


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 23 Huber Village Boulevard in Westerville, Ohio (the “Property”). Bob Evans signed a new 20-year lease in 2017 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 Huber Village Boulevard and S State Street (OH Route 3), the area’s primary commercial and commuter corridor. Bob Evans is positioned just south of Downtown Westerville and enjoys convenient access to the area schools, national retailers and restaurants and several office and industrial complexes that drive traffic to the area. Additionally, the Property is close to Westerville’s densely populated residential neighborhoods, Otterbein University, and Mount Carmel-St Ann’s Medical Center (Hospital). Westerville is in central Ohio approximately 12-miles north of Columbus.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

6.6%

% 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

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

CC

APN/PARCEL ID

080-007348

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.