Bob Evans NNN
For Sale
Contact for pricing
Pending
907 Venture Drive, Smithfield, NC 27577
Freestanding commercial property supported by a long-term triple-net lease structure and multiple renewal options.
Property SizeContact for details
Days on Market143
Property Features for 907 Venture Drive
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 6:14AM
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 property includes a 5,264-square-foot building on approximately 2.07 acres at 907 Venture Drive in Smithfield, North Carolina. The asset is associated with the Bob Evans restaurant brand and is structured for operation under a triple-net lease.
The lease term is 20 years, beginning April 28, 2017, with annual 2% rent increases. The agreement also provides six five-year renewal options. The tenant is a newly formed entity comprising all Bob Evans Restaurants, providing a clearly defined lease structure for the property.
The lease term is 20 years, beginning April 28, 2017, with annual 2% rent increases. The agreement also provides six five-year renewal options. The tenant is a newly formed entity comprising all Bob Evans Restaurants, providing a clearly defined lease structure for the property.
Key Highlights
- 5,264‑square‑foot building on approximately 2.07 acres
- 20‑year triple‑net lease beginning April 28, 2017
- Annual 2% rent increases during the lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 27577, NC
24,972
Population
10,744
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
82%
High-School Grad
103.7 sq mi
ZIP Area
241
Density / Sq Mi
$56,237
Median Household Income
$39,604
Median Earnings
$802
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding commercial property supported by a long-term triple-net lease structure and multiple renewal options.
Where is this nnn property located?
The property is located at 907 Venture Drive Smithfield, NC.
What are key features of this property?
This property features: 5,264‑square‑foot building on approximately 2.07 acres; 20‑year triple‑net lease beginning April 28, 2017; Annual 2% rent increases during the lease term
