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Posted / Broker

Bob Evans

1366 Wagner Avenue, Greenville, OH 45331

$3,183,630

Cap Rate 6.50%

DOM: 9 Updated: 01.19.26 Posted: 01.19.26 Status: Active     01.23.26

Summary

Price $3,183,630
Built/Renov 2010
Tenant Bob Evans
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,570
Lease Start 07-24-2023
#Units 441
Price/SF $571.57
Expiration 07-31-2043
Tenant Type Casual Dining
NOI $206,936
R. Term 17.6
Ownership Fee Simple
Rent/SF $37.15
Increases 2.0%/1/yrs
Pop 5Mi 18,334
Lot/AC 1.76
Options 4/5yrs/2%
AHHI 5Mi $73,196

Christian Tremblay
Northmarq
Contact

Isaiah Harf
Northmarq
Contact

Blaise Bennett
Northmarq
Contact

Highlights

  • Well-situated 5,570 SF freestanding restaurant on 1.76 acres across two parcels with ample on-site parking and two access points
  • Lease commenced July 2023 with 2.00% annual rent increases starting in 2027 through each renewal period
  • Absolute NNN lease with zero landlord responsibilities
  • Surrounded by national and regional retailers and restaurants, including McDonald’s, Walgreens, Dollar General, Kroger, Taco Bell, and Home Depot
  • Five-mile trade area population with 18,334 residents and average household income of $73,196
  • Lease corporately guaranteed by Bob Evans, Inc., a nationally recognized full-service dining brand

Location Description

Bob Evans is strategically located on Wagner Avenue, offering excellent visibility and convenient access along a primary commercial corridor in Greenville, Ohio. The site is surrounded by a mix of national and regional retailers and restaurants, including McDonald’s, Walgreens, Dollar General, Kroger, Taco Bell, and Home Depot. The property is situated within the Greenville City...

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Key Features

  • Oversized lot

  • In location for years

  • Dense retail corridor

  • Freeway close

  • Highway close

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

  • Over 500 units backed

    • ...

Links

Bob Evans Wikipedia Bob Evans Wikipedia, Greenville, Ohio Zip Code 45331 Broker site page

Documents

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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