16230 Dresden Ave, East Liverpool, OH 43920-9656

This exceptional investment opportunity presents a 3,401 square foot Bob Evans restaurant in East Liverpool, Ohio. Located at 16230 Dresden Ave, 43920, this single-tenant property boasts a 20-year absolute NNN lease commencing July 24, 2023, and expiring July 31, 2043, with a remaining term of 18.7 years. The lease includes a corporate guarantee and features 2% annual rent bumps starting May 1, 2027. The property sits on a 1.88-acre lot and was built in 1995. Currently operating at 100% occupancy, it generates a Net Operating Income (NOI) of $198,977, resulting in a 7.00% cap rate and a price per square foot of $835.79. The asking price is $2,842,529. Benefiting from high visibility and accessibility due to its location on Lincoln Highway and State Route 170, the property is an outparcel of the Summit Square Shopping Center, near other national retailers. Its proximity to the State Route 39 Development, slated for expansion, promises further traffic increases. The property's location is ranked in the 70th percentile by Placer.Ai, indicating strong market performance. Lease renewal options of 4 or 5 years are available.