Bob Evans | 1870 Michigan St
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Bob Evans 1870 Michigan St
6,069 SF Retail Building Sidney, OH 45365 $3,619,866 CAD ($596 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease | Zero Landlord Responsibilities
- Affluent Community | Average Income Exceeds $75,000 Within a Five-Mile Radius of The Subject Property
- Attractive Rental Increases | 2.00% Annually
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 1870 W. Michigan St., Sidney, OH, 45365. The site consists of roughly 6,069 rentable square feet of building space on an estimated 1.77-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 $175,175 and has scheduled increases of 2.00% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,069 SF
Building Class
C
Year Built/Renovated
1995/2011
Price
$3,619,866 CAD
Price Per SF
$596 CAD
Cap Rate
7%
NOI
$253,391 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.77 AC
Zoning
CC - Commercial Corridor
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-18-26-352-011 | Improvements Assessment | $292,182 CAD |
| Land Assessment | $88,728 CAD | Total Assessment | $380,910 CAD |
PROPERTY TAXES
Parcel Number
01-18-26-352-011
Land Assessment
$88,728 CAD
Improvements Assessment
$292,182 CAD
Total Assessment
$380,910 CAD
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Bob Evans | 1870 Michigan St
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