Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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