Overview

Description

Bob Evans has a Brand new 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 a convenient Downtown/ infill location with high barriers to entry!

The Asset is Well-positioned on a large ±1-acre lot on Carter Ave, between 12th & 13th St (Hwy 60) where traffic counts exceed 25,020 CPD! Retailers in Ashland include Walmart, Kohl’s, Dick’s Sporting Goods, T.J. Maxx, Belk, Joann Fabrics, Ulta Beauty, JCPenney, Big Lots, Maurices, Kroger, PetSmart, Dollar General, Dollar Tree, Family Dollar, Walgreens, CVS, Sherwin Williams, 84 Lumber, Advance Auto Parts, O’Reilly Auto Parts, AutoZone, NAPA Auto Parts, Verizon, T-Mobile, Cricket Wireless, Cinemark, Planet Fitness, etc. It is 1 mile from Ashland Community & Technical College: College Drive Campus – a public community college offering business, education, health-related, information technology and transfer programs with 2,515 students in all 3 campuses; 1 mile from UK King’s Daughters Medical Center – a locally controlled, not-for-profit, 465-bed regional referral center, covering a 150- mile radius that includes southern Ohio & eastern Kentucky.

Highlights

• • Brand new 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 a convenient Downtown/ infill location with high barriers to entry!
• • Well-positioned on a large ±1-acre lot on Carter Ave, between 12th & 13th St (Hwy 60) where traffic counts exceed 25,020 CPD!
• • 2023 DEMOGRAPHICS: Total Population (5-MI): 57,986 | Average Household Income (1-MI): $77,228

Documents

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