Bob Evans | 1708 N Dixie Hwy
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Bob Evans 1708 N Dixie Hwy
3,459 SF Retail Building Elizabethtown, KY 42701 $2,755,452 CAD ($797 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-Term NNN Lease | The site is subject to a 20 year lease with over 12 years remaining and no landlord responsibilities.
- Attractive Rental Increases | This lease features 2.00% annual rental increases in both the base term and options, providing significant income growth
- 30 Years of Renewal Options | This lease features 6, 5-year options which brings the ultimate lease term to 50 years.
- Strong Corporate Guarantee | Bob Evans operates over 440 corporate locations throughout the United States.
Executive Summary
NNN Pro and Bang Realty are pleased to present the exclusive
listing for a Bob Evans located at 1708 N. Dixie Hwy.,
Elizabethtown, KY 42701. The site consists of roughly 3,459
rentable square feet of building space on an estimated 0.87-acre
parcel of land. This Bob Evans is subject to a 20-year Triple Net
(NNN) lease, which commenced 4/28/2017. The current annual
rent is $126,355 and has scheduled increases of 2.00% Annually.
listing for a Bob Evans located at 1708 N. Dixie Hwy.,
Elizabethtown, KY 42701. The site consists of roughly 3,459
rentable square feet of building space on an estimated 0.87-acre
parcel of land. This Bob Evans is subject to a 20-year Triple Net
(NNN) lease, which commenced 4/28/2017. The current annual
rent is $126,355 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,459 SF
Building Class
B
Year Built
1985
Price
$2,755,452 CAD
Price Per SF
$797 CAD
Cap Rate
6.50%
NOI
$179,104 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 201-10-00-012.01 | Improvements Assessment | $883,336 CAD |
| Land Assessment | $1,121,696 CAD | Total Assessment | $2,005,032 CAD |
PROPERTY TAXES
Parcel Number
201-10-00-012.01
Land Assessment
$1,121,696 CAD
Improvements Assessment
$883,336 CAD
Total Assessment
$2,005,032 CAD
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Bob Evans | 1708 N Dixie Hwy
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