103 Co Rd South Point, OH 45680
- Retail properties
- 3,497 SF
- 1.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 103 Co Rd
- Year built
- 1995
- Lot size
- 1.30 lot acres
- Property size
- 3,497 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Point
- County
- Lawrence
- State
- Ohio
- Longitude
- -82.5101
- Latitude
- 38.4182
