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Bob Evans 104 Bair Blvd 6,641 SF Retail Building New Stanton, PA 15672 $2,479,000 ($373.29/SF) 6.75% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE WITH CORPORATE GUARANTEE: The tenant has 10+ years remaining on an Absolute NNN lease with zero landlord responsibilities
- PROVEN LOCATION & HISTORICAL COMMITMENT: 100% occupied by Bob Evans since April 1995 (30+ years of operational history)
- SUBSTANTIAL FOOTPRINT: The property features a 6,641-SF building situated on a large 1.91-acre lot, providing ample parking with 120 dedicated spaces.
- STRONG HEDGE AGAINST INFLATION: The lease features highly attractive 2.00% annual rent increases throughout the remaining base term
- FEE SIMPLE OWNERSHIP: Offers the buyer the highest form of real estate ownership and absolute control over the asset
- DENSE TRAVEL HUB & INTERCHANGE LOCATION: Strategically positioned at the Interstate 70 / Pennsylvania Turnpike Interchange, seeing over 38,100 VPD
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,641 SF
Building Class
B
Year Built/Renovated
1995/2013
Price
$2,479,000
Price Per SF
$373.29
Cap Rate
6.75%
NOI
$167,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.90 AC
Parking
120 Spaces (18.07 Spaces per 1,000 SF Leased)
Frontage
244’ on Bair Boulevard
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64-03-00-0-086 | Improvements Assessment | $127,280 |
| Land Assessment | $94,120 | Total Assessment | $221,400 |
Property Taxes
Parcel Number
64-03-00-0-086
Land Assessment
$94,120
Improvements Assessment
$127,280
Total Assessment
$221,400
Contacts
-
John Catanzarite -
Darpan Patel -
Dan Yozwiak -
Sam Elyassaki -
Paige Bucheit -
Peter Sibicky -
Marcus & Millichap
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