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Bob Evans – Jackson, Ohio

$3,114,000

770 East Main Street, Jackson, OH 45640

Active
Last Updated: 01/17/2025

7

Cap Rate

218,000

NOI

Details:
Cap Rate:    7%
NOI:    $218,000
Building Size:    5,273 sqft
Lot Area:    1.51 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2023
Zoning:    C
Tenancy:    Single
Lease Expire Year:    07/24/2043
Highlights:
  • • 19+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)!
  • • Bob Evans Restaurants, LLC operates ±439 locations in Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia & West Virginia
  • • Successfully open & operating for decades with positive year over year sales trends! **Ask Broker for Details**
  • • Well-positioned on a large ±1.51-acre lot with exceptional visibility/access on Main St (just north of OH-32/OH-124) with traffic counts of 14,158 CPD!
  • • 2023 DEMOGRAPHICS: Total Population (5-MI): 12,368 | Average Household Income (1-MI): $113,879
Description:

Bob Evans has 19+ years remaining on initial 20-year Absolute NNN lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)! The Tenant, Bob Evans Restaurants, LLC operates ±439 locations in Delaware, Florida, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia & West Virginia. It is Successfully open & operating for decades with positive year over year sales trends!
The Asset is Well-positioned on a large ±1.51-acre lot with exceptional visibility/access on Main St (just north of OH-32/OH-124) with traffic counts of 14,158 CPD! Bob Evan’s is Pad site to a Tractor Supply Co. Shopping Center; Retailers in Jackson include Walmart, Bealls, Cato Fashions, Shoe Dept., Hibbett Sports, Big Lots, Kroger, Save-A-Lot, Do It Best, 84 Lumber, Dollar Tree, Dollar General, Goodwill, Verizon, AT&T, Aaron’s, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, Anytime Fitness, YMCA; Dining options include Pizza Hut, Wendy’s, McDonald’s, Taco Bell, Sonic Drive-In, Burger King, Arby’s, Subway, Little Caesars, Papa Johns, La Rosa’s Pizzeria, DQ Grill & Chill, and Whit’s Frozen Custard; Accommodations include Days Inn, Quality Inn, and Red Roof Inn. Jackson has 5 public schools within the 21/2-mile vicinity with total enrollment of 2,380. 1 mile from Holzer Medical Center Jackson - a 24-bed critical access hospital with a range of medical treatments such as accidents, allergic reactions, cuts & abrasions, burns, chest pain, strokes, loss of vision or hearing, etc.
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery