8325 Benson Dr Columbia, MD 21045-3116

This exceptional investment opportunity presents a fee-simple ownership of a 6,672 square foot Bob Evans restaurant located at 8325 Benson Dr, Columbia, MD 21045. Situated on a sizable 1.75-acre lot, this property boasts a highly desirable location within the affluent Columbia submarket of Howard County, Maryland, serving a population exceeding 200,000 residents with an average household income over $140,000 within a 5-mile radius. The property features a long-term, absolute NNN lease with a corporate guarantee from Post Holdings, Inc., providing significant financial security. The current lease, commencing June 30, 2016, and expiring April 30, 2036, has approximately 11.4 years remaining, with annual rent increases of 1.5%. The current Net Operating Income (NOI) is $118,499, yielding a 5.25% cap rate on the asking price of $2,257,117. The lease includes five-year renewal options, further enhancing the long-term value of this investment. Built in 1993, this single-tenant property offers exceptional stability and potential for future appreciation, making it an attractive addition to any portfolio. The property benefits from a below-market rent for a pad site in this prime location.