519 E Clifty Dr
Madison, IN 47250

Marcus & Millichap is pleased to present the exclusive listing for a Bob Evans Property. The property consists of approximately 3,811 square feet of building space and is situated on approximately 0.88 acres of land. The property will be subject to a 20-year triple net (NNN) lease. The lease will commence on April 28, 2017. The base rent is $140,000 with two percent annual rental increases. The increases will continue through the six, five-year tenant renewal options. The tenant will be a newly formed entity consisting of all Bob Evans Restaurants. This Bob Evans is located at 519 East Clifty Drive in Madison, Indiana. Madison is a city in and the county seat of Jefferson County. Madison is situated along the Ohio River, and it is the largest city between Louisville, Kentucky, and Cincinnati, Ohio. Madison is one of the core cities of the Louisville-Elizabethtown-Madison metroplex. The majority of Madison' s downtown area was designated the largest contiguous National Historic Landmark, 133 blocks in total. There are approximately 14,957 people within a three-mile radius of this property and more than 18,681 within a five-mile radius. The property is situated off of U.S. Route 421 and East Clifty Drive, which have average daily traffic counts of 12,436 and 28,214 vehicles respectively.