Bob Evans 1850 E Dorothy Ln

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 2027

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Bob Evans located at 1850 E Dorothy Ln in Kettering, Ohio. The site consists of roughly 4,993 rentable square feet of building space on estimated 1.00-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 $171,981 and is scheduled to increase 2% annually starting on May 1st 2027 and throughout the base term as well as in each of the 4, 5-year renewal options.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,993
• Building Class    B
• Year Built    2002
• Price    2,456,871
• Price Per SF    492
• Cap Rate    7
• NOI    171,981
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    1.00 AC

• Bus Line
• Corner Lot
• Pylon Sign
• Restaurant
• Signage
• Signalized Intersection