188 America Boulevard Marion, OH 43302

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Jul 21 Updated: Jul 22 at 11:44PM Checked: Jul 22 at 11:44PM

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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.

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

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FAQs

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