Bob Evans | 20yr Corp Abs NNN w/ Incrs 1997 Sunset Blvd

Investment Highlights

Brand New 20-Year Lease | Corporate Guaranteed | Scheduled Rental Increases Hollywood City Center (309,000 SF) | Fort Steuben Mall (669,000 SF) | Rural King Plaza 217,000 SF) | Primary Retail Corridor Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group in collaboration with Hoty Enterprises is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Bob Evans investment property located in Steubenville, Ohio. The tenant, Bob Evans Restaurants, LLC, recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases starting in May 2027 and continuing throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free-investment opportunity for a passive investor.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    5,218
• Building Class    B
• Year Built    2012
• Price    3,184,000
• Price Per SF    610
• Cap Rate    7
• NOI    222,854
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    1.12 AC

• Corner Lot
• Freeway Visibility
• Restaurant
• Signage
• Signalized Intersection