Restaurant
Bob Evans | NNN Lease | 30+ Years Historical Occupancy | Pittsburgh MSA
104 Bair Blvd, New Stanton, PA 15672
Listing Price: $2,479,000
Cap Rate
6.75%
Tenant Name
Bob Evans
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
6,641
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.19
Investment Overview
Marcus & Millichap is pleased to present the offering for Bob Evans in New Stanton, Pennsylvania.
Bob Evans | NNN Lease | 30+ Years Historical Occupancy | Pittsburgh MSA
Investment Highlights
- ABSOLUTE NNN LEASE WITH CORPORATE GUARANTEE: The tenant has 10+ years remaining on an Absolute NNN lease with zero landlord responsibilities for operating expenses, maintenance, or roof and structure.
- STRONG HEDGE AGAINST INFLATION: The lease features highly attractive two percent annual rent increases throughout the remaining base term and the (six) five-year renewal options.
- PROVEN LOCATION & HISTORICAL COMMITMENT: 100 percent occupied by Bob Evans since April 1995 (over 30 years of operational history).
- FEE SIMPLE OWNERSHIP: Offers the buyer the highest form of real estate ownership and absolute control over the asset.
- SUBSTANTIAL FOOTPRINT: The property features a 6,641-Square Foot building situated on a large 1.91-acre lot, providing ample parking with 120 dedicated spaces.
- DENSE TRAVEL HUB & INTERCHANGE LOCATION: Strategically positioned at the Interstate 70, Pennsylvania Turnpike Interchange, seeing over 38,100 vehicles per day. The New Stanton exit serves as a major travel stop for westbound traffic entering the turnpike from the Ohio West Virginia border.
- MAIN RETAIL & HOSPITALITY CORRIDOR: Surrounded by strong national tenants including Sheetz, McDonald's, Wendy's, Taco Bell, Cracker Barrel, Dollar General, and multiple major hotels (Hampton Inn, Fairfield Inn, Super 8, Wyndham, Ramada) with 627 rooms.
- PROXIMITY TO MAJOR COMMUNITY COLLEGE: Located just minutes from the main campus of Westmoreland County Community College in neighboring Youngwood. The campus has an enrollment of over 1,00 students, providing a steady, daily consumer base for local dining and retail.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Restaurant
Bob Evans | NNN Lease | 30+ Years Historical Occupancy | Pittsburgh MSA
Listing Price: $2,479,000
Cap Rate
6.75%
Tenant Name
Bob Evans
Years Remaining On Lease
10.8
Guarantor
Corporate Guarantee
Rentable SF
6,641
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.19
Investment Highlights
- ABSOLUTE NNN LEASE WITH CORPORATE GUARANTEE: The tenant has 10+ years remaining on an Absolute NNN lease with zero landlord responsibilities for operating expenses, maintenance, or roof and structure.
- STRONG HEDGE AGAINST INFLATION: The lease features highly attractive two percent annual rent increases throughout the remaining base term and the (six) five-year renewal options.
- PROVEN LOCATION & HISTORICAL COMMITMENT: 100 percent occupied by Bob Evans since April 1995 (over 30 years of operational history).
- FEE SIMPLE OWNERSHIP: Offers the buyer the highest form of real estate ownership and absolute control over the asset.
- SUBSTANTIAL FOOTPRINT: The property features a 6,641-Square Foot building situated on a large 1.91-acre lot, providing ample parking with 120 dedicated spaces.
- DENSE TRAVEL HUB & INTERCHANGE LOCATION: Strategically positioned at the Interstate 70, Pennsylvania Turnpike Interchange, seeing over 38,100 vehicles per day. The New Stanton exit serves as a major travel stop for westbound traffic entering the turnpike from the Ohio West Virginia border.
- MAIN RETAIL & HOSPITALITY CORRIDOR: Surrounded by strong national tenants including Sheetz, McDonald's, Wendy's, Taco Bell, Cracker Barrel, Dollar General, and multiple major hotels (Hampton Inn, Fairfield Inn, Super 8, Wyndham, Ramada) with 627 rooms.
- PROXIMITY TO MAJOR COMMUNITY COLLEGE: Located just minutes from the main campus of Westmoreland County Community College in neighboring Youngwood. The campus has an enrollment of over 1,00 students, providing a steady, daily consumer base for local dining and retail.
Investment Overview
Marcus & Millichap is pleased to present the offering for Bob Evans in New Stanton, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
