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    1708 N Dixie Ave Elizabethtown, KY 42701

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    For Sale
    $1,943,923

    NNN leased Bob Evans restaurant with long-term corporate guarantee.

    Property size:
    3,459 SF
    Lot size:
    0.89 Acres

    Property Features for 1708 N Dixie Ave

    General Information

    Size
    3,459 SF
    Lot size
    0.89 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Restaurant For Sale

    The property is subject to a 20-year lease, with over 12 years remaining and no landlord responsibilities. The lease includes six 5-year options, potentially extending the total lease term to 50 years. The lease features 2.00% annual rental increases during both the base term and option periods. The tenant, Bob Evans, operates over 440 corporate locations throughout the United States. The property contains 3,459 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bub's Cafe

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.887276
    Latitude
    37.7334181

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    FAQs

    What type of property is this?
    Breakfast & diner - NNN leased Bob Evans restaurant with long-term corporate guarantee.
    Where is this breakfast & diner located?
    The property is located at 1708 N Dixie Ave Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $1,943,923.
    What are key features of this property?
    This property features: - Long-Term NNN Lease with Over 12 Years Remaining; - 30 Years of Renewal Options (6, 5-Year Options); - Attractive 2.00% Annual Rental Increases
    (332) 345-2408
    Request Owner's contact information
    1708 N Dixie Ave Elizabethtown, KY 42701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1708 N Dixie Ave Elizabethtown, KY 42701
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