Bob Evans - Huntington, WV 606 3rd Ave 5,646 SF Retail Building Huntington, WV 25701 $2,481,594 ($439.53/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease With 18+ Years of Term Remaining
  • Corporate Guaranteed Lease - Bob Evans Restaurants, LLC (450+ Corporate Locations)
  • Seasoned Location - Bob Evans Has Successfully Operated This Location For Over 20+ Years and Has Been a Fixture of the Local Huntington Community
  • Attractive Increases - 2% Annual Bumps Starting May 1, 2027, Provide Significant Hedge to Inflation
  • Strategically Located in Downtown Huntington - Just Down the Street From Both Marshal Arena, the Esteemed Delta Hotel
  • Site Commitment - Tenant Recently Signed a Brand New 20 Year Lease Showcasing Intent to Remain at the Site

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Present For Sale This Corporate-Guaranteed Bob Evans in Huntington, WV, Featuring an Absolute NNN Lease With Zero Landlord Responsibilities. Just Two Years Ago, the Tenant Signed a Brand-New 20-Year Lease, Reaffirming Their Commitment to This Established Location. With 18+ Years Remaining, This Offering Provides a Secure, Passive Income Stream Backed By a Nationally Recognized Brand. Situated in a High-Traffic Retail Corridor, This Property Benefits From Strong Visibility, Consistent Consumer Demand, and a Thriving Local Economy. This is a Rare Opportunity to Acquire a Stable, Long-Term Investment With a Well-Established National Tenant.

In Cooperation With Sands Investment Group West Virginia, LLC - Lic. #010212-00 BoR: Tom Gorman - Lic. WV #WVB23030087

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,646 SF
Building Class
C
Year Built
2003
Price
$2,481,594
Price Per SF
$439.53
Cap Rate
6.50%
NOI
$161,304
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.77 AC
Opportunity Zone
Yes
Frontage
240’ on 3rd Ave

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Bob Evans Restaurants, LLC
  • Retailer
  • 5,646 SF
  • $28.57
  • Jul 2043
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Bob Evans Restaurants, LLC Retailer 5,646 SF $28.57 Jul 2043
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (75)

NEARBY MAJOR RETAILERS

Buffalo Wild Wings
Bob Evans
Chase Bank
Fifth Third Bank
Anytime Fitness
Starbucks
Roosters
Red Lobster
CrossFit
Peoples Bancorp, Inc.

PROPERTY TAXES

  • Listing ID: 35578054

  • Date on Market: 4/22/2025

  • Last Updated:

  • Address: 606 3rd Ave, Huntington, WV 25701