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3260 Village Dr
Franklin, OH 45005
Corp Bob Evans | 20-Yr NNN | 2% Annual Bumps · Retail Property For Sale
Investment Highlights
- Corporately guaranteed lease from Bob Evans Restaurants, LLC, which operates 430+ locations across 18 states
- Rare, 2% annual rent increases throughout the initial term and options, beginning in May 2027
- Signalized, hard corner location with excellent access and visibility from State Route 122 aka Roosevelt Blvd which sees ±30,150 VPD
- Long-term lease | ±19 years remaining on the base lease term | Over $5.2MM in guaranteed income | Avg CAP of 8.16% over the remaining term
- Very profitable location with compelling unit-level fundamentals | Speak with Agent(s) for details
- Located just off an on-ramp/off-ramp to I-75 which boasts 116,000+ VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,539 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.81 AC
Parking
98 Spaces (17.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 07-03-327-007-1 | Improvements Assessment | $576,200 |
| Land Assessment | $301,870 | Total Assessment | $878,070 |
Property Taxes
Parcel Number
07-03-327-007-1
Land Assessment
$301,870
Improvements Assessment
$576,200
Total Assessment
$878,070
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