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Marketing Description
Fortis Net Lease is pleased to present a free-standing Bob Evans restaurant located in Cambridge Ohio. The 20-year absolute net lease requires zero landlord responsibilities and is equipped with six, 5-year options. The subject property is located on an out parcel to a Hampton Inn and is situated along a major retail corridor just off I-77 and I70 which sees 32,658 vehicles per day. The lease is guaranteed by over 500+ Bob Evans restaurants.
The surrounding area has over 21,000 residents within five miles between 8,862 households. The median home value within five miles is about $115,000 and the average household income within five miles is almost $56,000. Exit 178 off I 70 is a popular spot to stop, stay and dine with 10 hotels and over 20 restaurants. These tenants include Hampton Inn, Holiday Inn Express, Cracker Barrel, Buffalo Wild Wings, and more.
Investment Highlights
- Attractive Rent Escalations | 2% Percent Annual Increase
- Zero Landlord Responsibility | 20 Year Absolute NNN Lease
- Corporate Tenant | Lease Backed by 500+ Corporate Locations
- Strong Real Estate Characteristics | Oversized 1.34 Acre Lot on a Dense Retail Corridor with 10 Hotels and 20 Restaurants on Exit 178 off I-70
- High Traffic Area | 12,291 Vehicles Pass the Site Each Day with 32,658 Vehicles on I-77
- Strong Demographics | Over 21,000 Residents, 8,862 Households, $114,598 Average Home Value, and $55,961 Average Household Income within Five Miles
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Contacts
Listing removed on
BY:
Kyle Carson PRO
•••.•••.0960
•••rson@••••••••••••••.com
Listing removed on
BY:
Robert Bender PRO
•••.•••.6357
•••nder@••••••••••••••.com
Listing removed on
BY:
Doug Passon PRO
•••.•••.9960
•••sson@••••••••••••••.com
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