Restaurant

Bob Evans

3023 S 2nd St, Terre Haute, IN 47802

Listing Price: $2,747,233

Cap Rate
6.00%
Tenant Name
Bob Evans
Gross SF
5,136
Guarantor
Corporate Guarantee
Rentable SF
5,136
Price/Gross SF
$534.90
Lease Type
Absolute Net
Rent Per Square Feet
$32.09

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Bob Evans located at 3023 South 2nd Street in Terre Hautte, Indiana. The property consists of 5,136 square feet of building space and is situated on approximately 1.28 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 $164,834. There are 2% annual rental increases that will continue through four, five-year tenant renewal options. There are over 19 years remaining on the base term of this lease.

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities and 19+ Years
  • Attractive Two Percent (2.00%) Annual Rental Escalations
  • Four (4), Five (5) Year Option Periods

Exclusively Listed By

Listing Price: $2,747,233

Cap Rate
6.00%
Tenant Name
Bob Evans
Gross SF
5,136
Guarantor
Corporate Guarantee
Rentable SF
5,136
Price/Gross SF
$534.90
Lease Type
Absolute Net
Rent Per Square Feet
$32.09

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities and 19+ Years
  • Attractive Two Percent (2.00%) Annual Rental Escalations
  • Four (4), Five (5) Year Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Bob Evans located at 3023 South 2nd Street in Terre Hautte, Indiana. The property consists of 5,136 square feet of building space and is situated on approximately 1.28 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 $164,834. There are 2% annual rental increases that will continue through four, five-year tenant renewal options. There are over 19 years remaining on the base term of this lease.

Exclusively Listed By

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