770 Main St, Jackson, OH 45640-2131

This exceptional investment opportunity presents a fee-simple ownership of a 5,273 square foot Bob Evans restaurant located at 770 E Main St, Jackson, Ohio, 45640. The property sits on a 1.51-acre lot, enjoying high visibility and accessibility on Main Street, just north of the intersection of OH-32 and OH-124, with a daily traffic count of 14,158 vehicles. The building, constructed in 2023, is a single-story structure operating under a 20-year Absolute NNN lease with Bob Evans Restaurants, LLC, a well-established chain with approximately 439 locations. The lease has 19+ years remaining and includes four 5-year renewal options. Rent increases are structured with a 2% annual bump beginning in the fifth lease year (May 1, 2027), providing significant long-term growth potential. The property boasts a 7.00% cap rate and a current Net Operating Income (NOI) of $218,000. The surrounding area demonstrates strong demographics, with a total population of 12,368 within a 5-mile radius and an average household income of $113,879 within a 1-mile radius. This location benefits from proximity to other established retailers and restaurants, including Walmart, Kroger, and several national fast-food chains. The property is zoned C and offers a compelling investment opportunity due to its long-term lease, built-in rent escalations, and strong tenant performance in a thriving market. The property is currently 100% occupied.