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Bob Evans 1870 Michigan St 6,069 SF Retail Building Sidney, OH 45365 $2,603,600 ($429.00/SF) 7% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Large Lot
- Priced Below Development Costs
- Robust Traffic Counts
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 1870 W. Michigan St., Sidney, OH, 45365. The site consists of roughly 6,069 rentable square feet of building space on an estimated 1.77-acre parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease, which commenced 7/31/2017. The current annual rent is $178,678 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,069 SF
Building Class
C
Year Built/Renovated
1995/2011
Price
$2,603,600
Price Per SF
$429.00
Cap Rate
7%
NOI
$182,252
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.77 AC
Zoning
CC - Commercial Corridor
Frontage
621’ on Michigan St
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-18-26-352-011 | Improvements Assessment | $206,010 |
| Land Assessment | $62,560 | Total Assessment | $268,570 |
Property Taxes
Parcel Number
01-18-26-352-011
Land Assessment
$62,560
Improvements Assessment
$206,010
Total Assessment
$268,570
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Bob Evans | 1870 Michigan St
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