Property profile

103 Co Rd South Point, OH 45680

OFF-MARKET
Retail properties & Spaces
3,497 SF 1.3 ac lot Built 1995
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Property summary

AI-generated overview

This exceptional investment opportunity features a 3,497 square foot Bob Evans restaurant situated on a 1.3-acre lot at 103 Co Rd 406, South Point, OH 45680. The property boasts a strong 7.00% cap rate and a substantial Net Operating Income (NOI) of $215,956. Secured by a corporate guarantee, the 20-year NNN lease commenced July 24, 2023, and expires July 31, 2043, offering a remaining term of approximately 18.7 years. The lease includes annual rent increases of 2.00% starting May 2027, ensuring consistent income growth. Built in 1995, this single-tenant property offers a secure investment with 100% occupancy and a price per square foot of $882.21. The asking price is $3,085,086. This is a rare opportunity to acquire a well-established, high-performing QSR property in a stable market. The property's location in Lawrence County, Ohio, provides excellent visibility and accessibility. This is an ideal addition to any diversified real estate portfolio seeking strong returns and long-term stability.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1995
Total area 3,497 SF
Lot 1.3 ac (56,628 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

103 Co Rd South Point, OH 45680
South Point metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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