Triple Net Bob Evans
For Sale
Contact for pricing
11477 Allen Road, Jeffersonville, OH 43128
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 Market179
Property Features for 11477 Allen Road
General Information
Standard status
Active
Size
6,595 SF
Lot size
2.95 Acres
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$136,896
Additional Details
Cap Rate
6.5%
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(603) 570-2699
Source:
Crexi
Added: Apr 29
Changed: Oct 21
Last Checked: Oct 23 at 6:52AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$128,768
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,575,360
$2.6M
Cap Rate 7%
$1,839,543
$1.8M
Cap Rate 9%
$1,430,756
$1.4M
Market Conditions
NOI Build-Up for 6,595 SF
Gross rent
$178.1K $27.00/SF
− Vacancy
−$6.4K −$0.97/SF
EGI
$171.7K $26.03/SF
− OpEx
−$42.9K −$6.51/SF
NOI
$128.8K $19.53/SF
Area
Fayette County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,575,360
Cap Rate 7%
$1,839,543
Cap Rate 9%
$1,430,756
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
484
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Rodeway Inn
Hotels & Casinos
484 visits/mo
0.4 miles
Demographics for 43128, OH
2,267
Population
954
Households
2.4
Avg Household Size
41
Median Age
9%
College-Educated
92%
High-School Grad
48.6 sq mi
ZIP Area
47
Density / Sq Mi
$45,515
Median Household Income
$35,437
Median Earnings
$688
Median Rent
$139,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
