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INVESTMENT HIGHLIGHTS
Strong Corporate Guaranty The Investment is backed by a strong corporate guaranty, Bob Evans Restaurants, Inc., which has nearly 500 units owned and operated.
Abs NNN Lease | No LL Responsibility | 2% Annual Rent Increases Starting in 2027 Bob Evans is under an Absolute NNN lease structure, leaving no responsibility to the Landlord. Additionally, the lease features 2% annual rent increases starting in 2027, which goes throughout the term and into the options as well.
Adjacent to Charles Pointe Masterplan Development The Subject Property is less than half of a mile from the Charles Pointe Masterplan Community currently under development. Charles Pointe is a $1.5 billion, 1,700-acre master-planned community in Bridgeport that will combine residential, commercial, recreational, retail, office, education and civic land uses to create a community of live, work, learn and play. At present, there are 407 built residential units, and upon completion, there will be more than 2,300 residential units built. Additionally, the development will include a 67-acre retail space that will consist of 650,000 square feet of retail, restaurant and hospitality space, including two business leisure hotels and a large conference center.
10 Min from FBI Criminal Justice Information Services Division | 3,500 Jobs on Site The FBI Criminal Justice Information Services Division (CJIS) is a high-tech hub that provides services, tools, certification of fingerprints, and confidential documents to be used in criminal court cases. The FBI hub employs 3,500 employees who are on site daily, and is located less than 4 miles from the Property, attracting employees that commute daily.
Adjacent to Nearby Hotel | 107 Door Count Bob Evans is adjacent to the Hampton In Bridgeport/Clarksburg, and the Property will benefit from the 107 guest rooms, meeting rooms, and event space available to rent.
Less than 4 Miles from Award Winning Hospital | 300 Bed Count The Property is less than 10 minutes from the United Hospital Center in Bridgeport, an award-winning regional community hospital that is open 24 hours a day, 7 days a week. In 2020, UHC was named to the Fortune/IBM Watson Heath 100 Top Hospitals list for teaching hospitals, and can hold up to 300 beds.
