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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.
Immediate Retail Trade Area on Wagner Ave | Busiest Street in the Greenville The Property sits on Wagner Avenue, which has been noted as one of the busiest streets in Greenville based on the commercial properties. Bob Evans is surrounded by a Marshalls and Tractor Supply Co. anchored shopping center that also includes Buffalo Wild Wings, T-Mobile, Subway, and Taco Bell. Additionally, there is a nearby Kroger grocery atore with a Dairy Queen and Verizon, and a nearby Walmart Supercenter.
5 Senior Living Facilities within 2 mi of Property | Almost 400 Beds in Local Area Greenville is home to many senior living facilities, 5 of which are within two miles of the subject property and deliver daily traffic from family visitors. These senior living facilities include: Village on the Green (51 beds and 38 assisted living units), Treaty City Manor (80 apartments), Ayden Healthcare of Greenville (92 beds), Rest Haven (76 rooms), and Fox Run Senior Apartments (60 apartments).
1 Mile from Greenville Middle School | Over 700 Students The Property is one mile from Greenville Middle School, which brings over 700 students from 5th grade to 8th grade into the immediate retail area.
1 Mile from One of Whirlpool Corporation's Five Ohio Manufacturing and Distribution Plants One of Whirpool Corporation's subsidiaries, Kitchen Aid, has a manufacturing and factory distribution center that is 1.1 miles away from the subject property. Whirlpool's five Ohio locations employ more than 10,000 people in total, and specifically 1,200 employees at this site every day.
