Bob Evans NNN Property For Sale — Port Charlotte, FL · 5,398 SF
Port Charlotte, FL 33948
Single-tenant net leased Bob Evans property situated on a 2.09-acre parcel in Port Charlotte, Florida. The subject property serves as an outparcel to the Port Charlotte Town Center, a 765,000-square-foot regional mall. Operating under a long-term absolute NNN lease with zero landlord responsibilities, the lease features 1.5% annual rental increases throughout the primary term and into five 5-year renewal options. The lease is corporate guaranteed by Bob Evans Foods, Inc. and Bob Evans Farms, Inc. (a subsidiary of Post Holdings, Inc.). Originally constructed in 2003 and remodeled in 2013, the building benefits from high visibility along El Jobean Road with daily traffic counts surpassing 25,500 vehicles per day and surrounded by premier national retailers in an income-tax-free state.
- Address: Port Charlotte, FL 33948
- Asking price $2.00M
- 5.00% cap rate
- NOI $99,980
- 9.5 years remaining
- NNN lease
- Year built: 2003
- Building size: 5,398 SF
- Lot size: 2.09 acres
- Lease expiration: Apr 30, 2036
- Rent increases: 1.5% Annually
- Guarantor: Corporate
Location
This Bob Evans property is in Port Charlotte, Florida.
Asset type: Restaurant