Triple Net Bob Evans
11477 Allen Road Jeffersonville, OH 43128
For Sale
Contact for pricing
Standalone Bob Evans restaurant is offered for sale with a 20-year NNN lease in place.
Property Size6,595 SF
Lot Size2.95 Acres
Price / SF$319.33
Days on Market87
Property Features for 11477 Allen Road
General Information
- Standard status
- Active
- Size
- 6,595 SF
- Lot size
- 2.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Armond Aivazyan · License #CA 01954384
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 24 at 5:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This for-sale Bob Evans restaurant property consists of approximately 6,595 rentable square feet on an estimated 2.95-acre parcel. The site is subject to a 20-year Triple Net (NNN) lease, which commenced on 7/24/2023.
The current annual rent is listed as $136,896, with scheduled 2.00% annual increases.
The offering is presented as an exclusive listing for the existing Bob Evans location at 11477 Allen Road in Jeffersonville, Ohio.
The current annual rent is listed as $136,896, with scheduled 2.00% annual increases.
The offering is presented as an exclusive listing for the existing Bob Evans location at 11477 Allen Road in Jeffersonville, Ohio.
Key Highlights
- Standalone Bob Evans restaurant on an estimated 2.95‑acre parcel
- 6,595 rentable SF building
- 20‑year Triple Net (NNN) lease in place
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.1k | $27.00 |
| − Vacancy | −$6.4k | −$0.97 |
| EGI | $171.7k | $26.03 |
| − OpEx | −$42.9k | −$6.51 |
| NOI | $128.8k | $19.53 |
6,595 SF · lease $27.00/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,768 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bob Evans
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Standalone Bob Evans restaurant is offered for sale with a 20-year NNN lease in place.
Where is this conventional restaurant located?
The property is located at 11477 Allen Road Jeffersonville, OH.
What is the asking price?
The asking price for this property is $2,106,000.
What are key features of this property?
This property features: Standalone Bob Evans restaurant on an estimated 2.95‑acre parcel; 6,595 rentable SF building; 20‑year Triple Net (NNN) lease in place
