Freestanding Restaurant Under NNN
For Sale
Contact for pricing
Pending
188 America Boulevard, Marion, OH 43302
5,987 SF freestanding restaurant on 1.77 acres with a 20-year NNN lease commencing April 28, 2017.
Property Size5,987 SF
Lot Size1.77 Acres
Days on Market21
Property Features for 188 America Boulevard
General Information
Standard status
Pending
Size
5,987 SF
Lot size
1.77 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 10 at 3:51PM
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.
Marcus & Millichap presents an exclusive listing for a Bob Evans property structured as a long-term, triple net (NNN) investment. The property includes approximately 5,987 square feet of building space on approximately 1.77 acres of land and is subject to a 20-year NNN lease. The lease commenced April 28, 2017.
Base rent is $222,273 with 2% annual rental increases, which continue through the tenant renewal options described as two successive five-year renewals. The tenant will be a newly formed entity consisting of all Bob Evans Restaurants.
The property is located at 188 America Boulevard in Marion, Ohio.
Base rent is $222,273 with 2% annual rental increases, which continue through the tenant renewal options described as two successive five-year renewals. The tenant will be a newly formed entity consisting of all Bob Evans Restaurants.
The property is located at 188 America Boulevard in Marion, Ohio.
Key Highlights
- 5,987 SF freestanding restaurant on approximately 1.77 acres
- 20‑year triple net (NNN) lease with commencement on April 28, 2017
- Base rent $222,273 with 2% annual rental increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
458k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 25%
Dining 24%
Groceries 18%
Home Improvements & Furnishings 13%
Meijer
Groceries
65,446 visits/mo
0.3 miles
Kohl's
Apparel
33,509 visits/mo
0.5 miles
Rural King
Home Improvements & Furnishings
28,943 visits/mo
0.0 miles
Five Below
Shops & Services
27,137 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
25,809 visits/mo
0.4 miles
Demographics for 43302, OH
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195.0 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hong Kong Buffet — 1561 Marion-Mt Gilead Rd, Marion, OH 43302
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 5,987 SF freestanding restaurant on 1.77 acres with a 20-year NNN lease commencing April 28, 2017.
Where is this conventional restaurant located?
The property is located at 188 America Boulevard Marion, OH.
What are key features of this property?
This property features: 5,987 SF freestanding restaurant on approximately 1.77 acres; 20‑year triple net (NNN) lease with commencement on April 28, 2017; Base rent $222,273 with 2% annual rental increases
