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    1203 National Hwy Cumberland, MD 21502

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    For Sale
    Contact for pricing

    Corporate-signed Bob Evans with new 20-year NNN lease.

    Property size:
    5,804 SF
    Lot size:
    1.33 Acres

    Property Features for 1203 National Hwy

    General Information

    Size
    5,804 SF
    Lot size
    1.33 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

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

    Overview

    La Vale Restaurant Investment Property

    This property features a corporate-signed Bob Evans restaurant in La Vale, Maryland. The tenant, Bob Evans Restaurants, LLC, recently signed a new 20-year absolute NNN lease, with 4 (5-year) options to extend. The lease includes annual 2% rental increases starting in May 2027 and continuing throughout the initial term and option periods. The property is 5804 square feet. The lease structure is absolute NNN, with zero landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bob Evans Family Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.8316496
    Latitude
    39.639125

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    FAQs

    What type of property is this?
    Conventional restaurant - Corporate-signed Bob Evans with new 20-year NNN lease.
    Where is this conventional restaurant located?
    The property is located at 1203 National Hwy Cumberland, MD.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities.; - Brand new 20-year lease term with 4 (5-year) options to extend ensuring long-term income.; - Corporate signed lease by Bob Evans Restaurants, LLC.
    (202) 286-1542
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    1203 National Hwy Cumberland, MD 21502
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    Cumberland, MD 21502
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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
    1203 National Hwy Cumberland, MD 21502
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