Restaurant
Bob Evans | Absolute Net Lease | 2% Annual Increases | 11+ Years Remaining | Adjacent To I-72 Exit
4221 Conestoga Dr, Springfield, IL 62711
Listing Price: $1,650,000
Cap Rate
6.97%
Tenant Name
Bob Evans
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
5,009
Lease Type
Absolute Net
Rent Per Square Feet
$22.93
Investment Overview
We're pleased to bring to market the offering for Bob Evans in Springfield, IL.
Bob Evans | Absolute Net Lease | 2% Annual Increases | 11+ Years Remaining | Adjacent To I-72 Exit
Investment Highlights
- 5,009-SF Bob Evans Restaurant Location on a +/-1.43 Acre Parcel | Outparcel to Meijer | Over 11 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
- 2% Annual Rental Increases and Six, 5-Year Renewal Options | Corporately Guaranteed Lease | Strong Location Shadow Anchored By Meijer in a Dense Retail Corridor
- Immediately Off of Interstate 72 Exit 93, Seeing 36,400 Vehicles Per Day and S Veterans Parkway, With 28,400 VPD | High Visibility With a Lighted Pylon Sign and Logo On I-72 Exit Signs
- Features Two Points of Ingress and Egress and a Large, Fully Lit Parking Lot | 89 Spaces w/ Ratio of 17.62/1,000-SF
- Springfield is the State Capital of Illinois and the County Seat of Sangamon County With a Population of 208,000+
- Springfield is the Sixth Most Populous MSA in the State, 80 Miles From St Louis, MO
- Strong and Affluent Demographics: Population of 95,700+ Within 5 Miles | Daytime Population Of Over 212,000 Within 10 Miles | Average Household Incomes Exceed $142,500 Within 1-Mile
- Located in a Dense Retail Corridor Near Multiple National Tenants Including Meijer, Menard's, Ashley Furniture, Camping World, Target, Walmart Supercenter, Courtyard Marriott, Hilton, Crumbl, Starbucks and More
Restaurant
Bob Evans | Absolute Net Lease | 2% Annual Increases | 11+ Years Remaining | Adjacent To I-72 Exit
Listing Price: $1,650,000
Cap Rate
6.97%
Tenant Name
Bob Evans
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
5,009
Lease Type
Absolute Net
Rent Per Square Feet
$22.93
Investment Highlights
- 5,009-SF Bob Evans Restaurant Location on a +/-1.43 Acre Parcel | Outparcel to Meijer | Over 11 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
- 2% Annual Rental Increases and Six, 5-Year Renewal Options | Corporately Guaranteed Lease | Strong Location Shadow Anchored By Meijer in a Dense Retail Corridor
- Immediately Off of Interstate 72 Exit 93, Seeing 36,400 Vehicles Per Day and S Veterans Parkway, With 28,400 VPD | High Visibility With a Lighted Pylon Sign and Logo On I-72 Exit Signs
- Features Two Points of Ingress and Egress and a Large, Fully Lit Parking Lot | 89 Spaces w/ Ratio of 17.62/1,000-SF
- Springfield is the State Capital of Illinois and the County Seat of Sangamon County With a Population of 208,000+
- Springfield is the Sixth Most Populous MSA in the State, 80 Miles From St Louis, MO
- Strong and Affluent Demographics: Population of 95,700+ Within 5 Miles | Daytime Population Of Over 212,000 Within 10 Miles | Average Household Incomes Exceed $142,500 Within 1-Mile
- Located in a Dense Retail Corridor Near Multiple National Tenants Including Meijer, Menard's, Ashley Furniture, Camping World, Target, Walmart Supercenter, Courtyard Marriott, Hilton, Crumbl, Starbucks and More
Investment Overview
We're pleased to bring to market the offering for Bob Evans in Springfield, IL.
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