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    OFF-MARKET
    Retail properties & Spaces

    103 Co Rd, South Point, OH 45680

    3,497 SF 1.3 ac lot Built 1995
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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