About This Restaurant
Investment Highlights
Long-Term, 20-Year Absolute Triple Net (NNN) Lease Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years Two Percent (2%) Annual Rental Increases Starting May 1st, 2026
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 80 S Whitewoman St in Coshocton, Ohio. The site consists of roughly 3,832 rentable square feet of building space on estimated 1.76-acre parcel of land. This Bob Evans is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 24th, 2023. The current annual rent is $253,894 and is scheduled to increase 2% annually starting on May 1st, 2026, throughout the base term and in each of the 4, 5-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 3,832
- Building Class C
- Year Built 1994
- Price 3,761,393
- Price Per SF 982
- Cap Rate 6.75
- NOI 253,894
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.72 AC
Amenities
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 04400-000-083-03 | Improvements Assessment | $156,426 |
| Land Assessment | $156,345 | Total Assessment | $312,771 |
| Date Created: | 2024-07-16 04:18:06 | Last Updated: | 2024-07-16 04:18:06 |
| Address: | 80 S Whitewoman St , Coshocton, Ohio, 43812 | ||