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Restaurant

Bob Evans

3151 Phoenix Center Dr, Washington, MO 63090

Listing Price: $1,951,487

Cap Rate
5.65%
Tenant Name
Bob Evans
Years Remaining On Lease
15.6
Gross SF
5,551
Guarantor
Corporate Guarantee
Rentable SF
5,551
Price/Gross SF
$351.56
Lease Type
Absolute Net
Rent Per Square Feet
$19.86

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for the Bob Evans located at 3151 Phoenix Center Drive, in Washington, MO. The property consists of 5,551 square feet of building space and is situated on approximately 1.07 acres of land.
The property is subject to a long-term triple-net (NNN) lease that commenced on April 28th, 2017. The current rent is $110,259. There are 2.0% annual rental increases that will continue through six, five-year tenant renewal options. There are just over 16 years remaining on the base term of this lease.

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Over 16 Years Remaining on the Base Term
  • Attractive Two Percent (2.0%) Annual Rental Escalations
  • Six (6), Five (5) Year Option Periods
  • Strong Corporate Guarantee Backed by Approximately 500+ Corporate Locations

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Listing Price: $1,951,487

Cap Rate
5.65%
Tenant Name
Bob Evans
Years Remaining On Lease
15.6
Gross SF
5,551
Guarantor
Corporate Guarantee
Rentable SF
5,551
Price/Gross SF
$351.56
Lease Type
Absolute Net
Rent Per Square Feet
$19.86

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Over 16 Years Remaining on the Base Term
  • Attractive Two Percent (2.0%) Annual Rental Escalations
  • Six (6), Five (5) Year Option Periods
  • Strong Corporate Guarantee Backed by Approximately 500+ Corporate Locations

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for the Bob Evans located at 3151 Phoenix Center Drive, in Washington, MO. The property consists of 5,551 square feet of building space and is situated on approximately 1.07 acres of land.
The property is subject to a long-term triple-net (NNN) lease that commenced on April 28th, 2017. The current rent is $110,259. There are 2.0% annual rental increases that will continue through six, five-year tenant renewal options. There are just over 16 years remaining on the base term of this lease.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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