2310 West SR 18 Tiffin, OH 44883

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

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 10 Updated: Jul 20 at 11:39PM Checked: Jul 21 at 7:06AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents an exclusive listing for a Bob Evans Property. The building includes approximately 3,752 square feet of space situated on approximately 1.02 acres of land. The property is subject to a 20-year triple-net (NNN) lease.

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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FAQs

What type of property is this?

Conventional restaurant - Freestanding Bob Evans restaurant on 1.02 acres with an existing 20-year triple-net lease.

Where is this conventional restaurant located?

The property is located at 2310 West SR 18 Tiffin, OH.

What are key features of this property?

This property features: 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