Bob Evans

7400 Miller Lane, Dayton, OH 45414

$2,186,247

Cap Rate 7.00%

Views: 26 DOM: 58 Updated: 05.20.24 Posted: 04.05.24 Status: Active

Summary

Price $2,186,247	Built/Renov 1999	Tenant Bob Evans
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,126	Lease Start 12-19-2017	#Units 440
Price/SF $426.50	Expiration 04-30-2037	Tenant Type Casual Dining
NOI $153,037	R. Term 12.11	Ownership Fee Simple
Rent/SF $29.86	Increases 2.0%/1/yrs	Pop 5Mi 121,086
Lot/AC 1.75	Options 6/5yrs/2%	AHHI 5Mi $79,256

Lease Highlights

Bob Evans has 13 years remaining on the current lease term with 6 (5-year) options to extend
The lease features 2% annual rental escalations throughout the initial tier and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Bob Evans is strategically located on Interstate 75, with access to a substantial daily traffic count of 92,833 vehicles. The property benefits from a strong nearby hotel presence, with over a dozen prominent hospitality chains within a short walking distance, including Days Inn, Comfort Inn, Hawthorn Suites, Marriott, and more. Additionally, within half a mile of the site is a major retail...

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Key Features

Build to suit
Dense retail corridor
Strategically located
Freeway visibility
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
Traded and rated company
Investment grade tenant

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Links

Bob Evans Wikipedia Bob Evans Wikipedia Dayton, Ohio Zip Code 45414 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Bob Evans
Guarantor:Corporate
Company:Golden Gate Capital
# Units:440
Stock:Private

About Tenant

Bob Evans Restaurants, also known as Bob Evans, is an American chain of restaurants featuring a country theme. In addition to casual dining fare, most locations sell baked goods, snacks, and small...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,420	35,450	121,008
2023 Total Population :	2,474	36,007	121,086
2023 Employed Civilian Pop :	1,278	17,779	57,733
2023 Total Businesses :	411	1,731	4,063
2023 Average Household Income :	$ 96,332	$ 85,123	$ 79,256
2023 Total Consumer Spending :	$ 93 M	$ 1173 M	$ 3534 M
2023 Median Age :	46	43	42
2023 Total Households :	1,119	15,895	51,276
2023 Pop Age 25+: Bachelor's Degree :	395	4,617	14,540
2023 Average Home Value :	$ 259,497	$ 196,952	$ 182,016

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Miller Lane	Kristen Ln	2021	8,581	0.07 mi
I 75	Park Center Dr	2021	105,871	0.13 mi
LITTLE YORK RD	I-75	2020	12,024	0.13 mi
		2019	111,857	0.13 mi
Miller Ln	Little York Rd	2007	9,561	0.15 mi
Poe Ave	PkCenter Dr	2000	9,300	0.17 mi
Maxton Rd	Miller Ln	2007	2,207	0.21 mi
Little York Road	Poe Ave	2021	10,652	0.22 mi
Little York Road	Rockwell Dr	2021	11,502	0.25 mi
I-75	Little York Rd	2006	96,060	0.30 mi

Listing Broker

Tony Anderson

CBRE: NLPG South Bay

Contact

21 Listings
878 Views
1 Sold

Kent Presson

CBRE: NLPG South Bay

Contact

21 Listings
878 Views
1 Sold

Tony Anderson

As a Senior Vice President at CBRE, Tony serves as an advisor for many Corporate Real Estate entities including Developers, Family Offices, Private Equity Sponsors, Founder/Family Owned Companies and Franchisees on their real estate while also raising capital for various projects. He has underwritten and transacted for some of the largest global companies with aggregate deal volume exceeding $1.5 billion in the Retail, Industrial, Medical Office and Special Use spaces.

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Kent Presson

Senior Transaction Manager for the Anderson-Brehaut Net Lease Advisory Group based out of CBRE's South Bay office located in El Segundo, CA.

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Richard Brehaut

CBRE: NLPG South Bay

Contact

21 Listings
878 Views
1 Sold

Richard Brehaut

Richard Brehaut is a Senior Vice President with CBRE’s Net Lease Property Group. Mr. Brehaut’s focus is to advise developers, family offices, private investors, REITs, private equity firms, and franchisees regarding all facets of net-leased properties. Mr. Brehaut specializes in transacting single-tenant and multi-tenant assets, national net-lease portfolios, and structuring sale-leasebacks for some of the largest global companies in the Retail, Industrial, Medical Office and Special Use sector

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