99 Stubbs Mill Rd - Restaurant FOR SALE
Lebanon, OH 45036 |
$2,898,000 USD
248-579-5045
99 Stubbs Mill Rd
Lebanon, OH 45036
HIGHLIGHTS
- Long-Term, 18 Year Absolute Triple Net NNN Lease
- Two Percent 2% Annual Rental Increases Starting May 1st, 2027
- Corporate Guarantee from Bob Evans Restaurants, LLC 440 Corporate Locations)
- Strong Real Estate Fundamentals | Located Approximately One-Mile from Downtown Lebanon, OH
- Strong Traffic Counts | Over 30,900 and 18,900 Vehicles Per Day Along State Route 48 and East Main Street
- Four, Five Year Tenant Renewal Options, Bringing the Potential Lease Term to 38 Years
FOR SALE DETAILS
PRICE
$2,898,000 USD
PRICE/SF
$618 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bob Evans
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.11 AC
LAND SF
91,737 SF
ZONING
C
APN/PARCEL ID
13-35-228-004
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248-579-5045
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248-579-5045
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