Log In/Sign Up
Your email has been sent.
Bob Evans 1304 E Main St 3,582 SF Retail Building Ashland, OH 44805 $2,372,519 ($662.34/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Tenant
- Zero Landlord Responsibilities
- Strategic Retail Location
- Scheduled Rent Increases
- Dynamic Tenant
- Area Economic Drivers
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Bob Evans investment property located at 1304 E Main Street in Ashland, Ohio (the “Property”). Bob Evans signed a new 19-year lease in 2018 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 E Main Street (OH Route 96) and US Routes 42, the area’s primary commercial and commuter corridors. Bob Evans is positioned just east of Downtown Ashland and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Ashland’s residential neighborhoods, Ashland University, and Samaritan Hospital. Ashland is in north central Ohio approximately 60-miles south of Cleveland and 80 miles north of Columbus.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,582 SF
Building Class
C
Year Built
1994
Price
$2,372,519
Price Per SF
$662.34
Cap Rate
6.50%
NOI
$154,214
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.16 AC
Zoning
B3 - Highway Service Business, under the jurisdiction of the City of Ashland, Ohio
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | P43-118-0-0029-00 | Improvements Assessment | $228,430 |
| Land Assessment | $145,190 | Total Assessment | $373,620 |
PROPERTY TAXES
Parcel Number
P43-118-0-0029-00
Land Assessment
$145,190
Improvements Assessment
$228,430
Total Assessment
$373,620
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Bob Evans | 1304 E Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.