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1366 Wagner Ave
Greenville, OH 45331
Bob Evans (Corporate) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term, Absolute NNN Lease with Annual Increases
- Long-Term History at Site with Strong Reported Sales
- Two Parcels Totaling 1.76 Acres with Ample Parking & Two Points of Access
- Corporate Guaranty
- Prime Retail Corridor Location
- Nationally Recognized Restaurant Brand
EXECUTIVE SUMMARY
Northmarq is pleased to present for sale the exclusive single-tenant Bob Evans Restaurant located at 1366 Wagner Avenue in Greenville, Ohio, the county seat of Darke County and the area’s primary retail and dining hub. The Property is secured by a corporate guaranty and operated under a long-term absolute NNN lease, providing investors with a truly passive ownership structure and no landlord responsibilities. The lease commenced in July 2023 and features 2.00% annual rent increases starting in 2027 and continuing through each renewal period, offering durable and predictable income growth. The 5,570-square-foot freestanding restaurant is situated on an oversized 1.76-acre site with ample on-site parking and two points of access.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,570 SF
Building Class
B
Year Built
2010
Price
$3,183,630
Price Per SF
$571.57
Cap Rate
6.50%
NOI
$206,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.76 AC
Zoning
GB - General Business District
Frontage
222’ on Wagner Ave
AMENITIES
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $422,200 | |
| Land Assessment | $154,360 | Total Assessment | $576,560 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$154,360
Improvements Assessment
$422,200
Total Assessment
$576,560
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