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Bob Evans NNN Property
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2115 W Market St, Bloomington, IL 61705

Restaurant building subject to a long-term triple-net lease with renewal options.

Property SizeContact for details
Days on Market144

Property Features for 2115 W Market St

General Information

Standard status Active
Property subtype Retail
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 2:04PM

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.

The Bob Evans property at 2115 W Market Street in Bloomington, IL, includes a 5,274-square-foot restaurant building on approximately 1.23 acres. The asset is leased under a 20-year triple-net agreement that began April 28, 2017.

The lease provides for 2% annual rental increases and includes six five-year tenant renewal options. Approximately 14.50 years remain in the base lease term, offering a defined contractual period alongside the renewal structure.

Key Highlights

  • 5,274‑square‑foot restaurant building on approximately 1.23 acres
  • 20‑year triple‑net lease commenced on April 28, 2017
  • Approximately 14.50 years remaining on the base lease term

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Locksmith Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby
168k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 48% Apparel 18% Shops & Services 12% Groceries 9%
Walmart Superstores
80,975 visits/mo 0.4 miles
Blain's Farm & Fleet Apparel
29,443 visits/mo 0.1 miles
Marathon Shops & Services
19,426 visits/mo 0.5 miles
Aldi Groceries
14,738 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
8,982 visits/mo 0.4 miles

Demographics for 61705, IL

14,682
Population
5,378
Households
2.7
Avg Household Size
39
Median Age
57%
College-Educated
98%
High-School Grad
86.9 sq mi
ZIP Area
169
Density / Sq Mi
$120,470
Median Household Income
$67,609
Median Earnings
$1,294
Median Rent
$310,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Restaurant building subject to a long-term triple-net lease with renewal options.
Where is this nnn property located?
The property is located at 2115 W Market St Bloomington, IL.
What are key features of this property?
This property features: 5,274‑square‑foot restaurant building on approximately 1.23 acres; 20‑year triple‑net lease commenced on April 28, 2017; Approximately 14.50 years remaining on the base lease term
(332) 345-4222 Call to check price and availability
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