2310 West SR 18, Tiffin, OH 44883
Freestanding Bob Evans restaurant on 1.02 acres with an existing 20-year triple-net lease.
Property Features for 2310 West SR 18
General Information
Building Details
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Based on property information with market context.
The lease commenced on April 28, 2017. Base rent is $158,100 with 2% annual rental increases. The increases continue through the six, five-year tenant renewal options. The tenant is described as a newly formed entity consisting of all Bob Evans Restaurants.
Bob Evans Restaurants was started more than 60 years ago and has grown to 524 family restaurants in approximately 18 different states. The property is offered for sale as an NNN investment under the existing lease structure.
Key Highlights
- Freestanding Bob Evans restaurant with approx. 3,752 SF of building space on approx. 1.02 acres
- Subject to a 20‑year triple net (NNN) lease
- Lease commencement date: April 28, 2017, with 2% annual rental increases
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Trade Area within ½ mile
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Demographics for 44883, OH
Market
Vacancy Rate% for Retail in Midwest region