Freestanding Bob Evans Investment
For Sale
Contact for pricing
23 Huber Village Blvd, Westerville, OH 43081
Freestanding Bob Evans in Westerville, OH with long-term lease.
Property Size5,891 SF
Price / SF$560.18
Days on Market191
Property Features for 23 Huber Village Blvd
General Information
Standard status
Active
Size
5,891 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$239,019
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Steven Schiavello · License #NJ 1327559
Source:
Crexi
Added: Feb 11
Changed: Aug 7
Last Checked: Aug 21 at 8:43AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The freestanding Bob Evans investment property is located at 23 Huber Village Boulevard in Westerville, Ohio. Bob Evans signed a new 20-year lease in 2017, demonstrating their commitment to the site and the market. The lease has 11+ years remaining on its absolute NNN terms, with six 5-year renewal options. The lease features 2% annual rent increases throughout the primary lease term and the renewal options. Bob Evans enjoys frontage and visibility at the signalized intersection of Huber Village Boulevard and S State Street (OH Route 3), a primary commercial and commuter corridor. The property is positioned just south of Downtown Westerville and has convenient access to area schools, national retailers and restaurants, and several office and industrial complexes. Additionally, the property is close to Westerville’s densely populated residential neighborhoods, Otterbein University, and Mount Carmel-St Ann’s Medical Center (Hospital). Westerville is in central Ohio, approximately 12 miles north of Columbus. The property size is 5891 square feet.
Key Highlights
- Absolute NNN lease with 11+ years remaining, providing a passive income stream.
- Attractive 2% annual rent increases throughout the primary lease term and renewal options.
- New 20‑year lease signed in 2017 demonstrates Bob Evans' commitment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
481k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Superstores 21%
Groceries 19%
Shops & Services 19%
Walmart
Superstores
101,340 visits/mo
0.5 miles
Kroger
Groceries
65,444 visits/mo
0.3 miles
Kohl's
Apparel
35,208 visits/mo
0.2 miles
McDonald's
Dining
29,008 visits/mo
0.3 miles
Marc's
Groceries
26,921 visits/mo
0.2 miles
Demographics for 43081, OH
64,338
Population
28,457
Households
2.3
Avg Household Size
37
Median Age
54%
College-Educated
98%
High-School Grad
25.1 sq mi
ZIP Area
2,563
Density / Sq Mi
$90,336
Median Household Income
$55,015
Median Earnings
$1,434
Median Rent
$297,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding Bob Evans in Westerville, OH with long-term lease.
Where is this conventional restaurant located?
The property is located at 23 Huber Village Blvd Westerville, OH.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Absolute NNN lease with 11+ years remaining, providing a passive income stream.; Attractive 2% annual rent increases throughout the primary lease term and renewal options.; New 20‑year lease signed in 2017 demonstrates Bob Evans' commitment.
