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Restaurant

Bob Evans

17011 Bagley Rd, Middleburg Heights, OH 44130

Listing Price: $4,394,893

Cap Rate
5.15%
Tenant Name
Bob Evans
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
5,620
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.27

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Bob Evans located at 17011 Bagley Road in Middleburg Heights, Ohio. The property consists of 5,620 square feet of building space and is situated on approximately 3.50 acres of land. The property is subject to a 20-year triple-net (NNN) lease that commenced on April 28, 2017. There are 2% annual rental increases that will continue through six, five-year tenant renewal options. There are 15 years remaining on the base term of this lease.

Investment Highlights

  • Long Term 20-Year Triple-Net (NNN) Lease With Zero Landlord Responsibilities And 15-Years Remaining On The Base Term
  • Attractive Two Percent Annual Rental Escalations
  • High Performing Site | Contact Broker For Additional Information

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $4,394,893

Cap Rate
5.15%
Tenant Name
Bob Evans
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
5,620
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.27

Investment Highlights

  • Long Term 20-Year Triple-Net (NNN) Lease With Zero Landlord Responsibilities And 15-Years Remaining On The Base Term
  • Attractive Two Percent Annual Rental Escalations
  • High Performing Site | Contact Broker For Additional Information

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Bob Evans located at 17011 Bagley Road in Middleburg Heights, Ohio. The property consists of 5,620 square feet of building space and is situated on approximately 3.50 acres of land. The property is subject to a 20-year triple-net (NNN) lease that commenced on April 28, 2017. There are 2% annual rental increases that will continue through six, five-year tenant renewal options. There are 15 years remaining on the base term of this lease.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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