Retail    

Bob Evans

 Circleville, OH

Asking Price

$3,638,429

Cap Rate

7.00%

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Strong

Corporate Guaranty

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Absolute NNN

Lease

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Walmart Synergized

Retail Thoroughfare

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Direct Access to

State Capital

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Property Placed in 97th Percentile by Placer.Ai | Top Location in a 15-Mile Radius
    The Property is ranked in the 97th percentile of Bob Evans locations nationwide by Placer.ai, and is the top-ranked out of two Bob Evans locations in a 15-mile radius.
  • Strong Corporate Guaranty
    The Investment is backed by a strong corporate guaranty, Bob Evans Restaurants, Inc., which has over 400 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.
  • Visibility from I-23 Freeway | 10 Million Annualized Traffic Count
    Bob Evans has direct visibility from the I-23 freeway, making it accessible for the 27,882 vehicles per day.
  • Direct Access to State Capital | Less than 1 Hour Drive to Columbus
    The Property is adjacent to the I-23 freeway, which offers direct access in and out of Columbus, OH to Circleville. Bob Evans will benefit from increased traffic flow coming to and from the major city, and its direct visibility from the freeway. 
  • Across from Walmart Supercenter and Surrounding Retail Trade Area
    The Property is strategically placed, sitting just outside the Circleville Plaza, which contains a Walmart Supercenter, Grand Buffet, Great Clips, and Dollar Tree. The Plaza is surrounded by tenants such as Chipotle, Take 5 Car Wash, Sonic Drive-In, and Buffalo Wild Wings, creating a retail synergy for the site. 
  • Two Hotels Within Walking Distance of Property | 155 Rooms in Immediate Area
    The Hampton Inn and Holiday Inn Express are both within walking distance of the Property, bringing hotel guests to the site. The Hampton Inn in Circleville has 87 rooms, and the Holiday Inn Express has 68 rooms, providing 155 rooms in the immediate area to visit Bob Evans. 
  • Located on a Signalized Hard Corner
    Bob Evans sits on the corner of Sperry Drive and S Court Street, making it easily accessible and visible to daily traffic headed to nearby shopping centers. 

Exclusively Listed By: Northmarq Restaurant Group

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

Enoch Escalera

Investment Sales Analyst
  eescalera@northmarq.com      (971) 351-9232

Maggie Brady

Investment Sales Analyst
  mbrady@northmarq.com      (858) 529-8972

In Association With
Jeff McKinney

OH Lic. #BRK.2016002560

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


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