Bob Evans NNN Property For Sale — Zanesville, OH
450 Underwood Street, Zanesville, OH 43701
This Bob Evans Restaurant in Zanesville, OH offers an excellent investment opportunity. The property features 11.5 years remaining on a 20-year absolute net lease, including rare 2% annual rent increases throughout the initial term and six 5-year option periods, leading to an average cap rate of 7.05% over the remaining term. The lease is backed by a corporate guarantee from Bob Evans Restaurants, a well-established brand with over 440 locations nationwide. This location has consistently performed strongly since its construction in 2002. Situated directly off Exit 155 on I-70, a major East-West highway, the property benefits from high traffic counts and a dense local population. The 5-mile radius boasts over 48,000 residents with significant annual spending on food and alcohol. The surrou…
- Address: 450 Underwood Street, Zanesville, OH 43701
- Asking price $2.75M
- 6.50% cap rate
- NOI $178,678
- 11.5 years remaining
- NNN lease
- Year built: 2002
- Building size: 5,081 SF
- Lot size: 2.09 acres
- Rent increases: 2% annual rent increases during both the initial term and the six, 5-year option periods.
- Guarantor: Corporate
Location
This Bob Evans property is at 450 Underwood Street in Zanesville, Ohio.
Asset type: Retail