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Bob Evans 8325 Benson Dr 6,672 SF Retail Building Columbia, MD 21045 $2,257,117 ($338.30/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Ultra Rare Dual Guaranty Bob Evans Lease with Parent Company Post Holdings
Large Oversize Lot & Superior Demographics

Under Market Pad Rent in Washington DC & Baltimore Market
Long-Term Lease with 1.5% Annual Rent Increases

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Bob Evans located at 8325 Benson Dr, Columbia, MD 21045. The site consists of roughly 6,672 rentable square feet of building space on an estimated 1.75-acre parcel of land. This Bob Evans is subject to a 20-year Triple Net (NNN) lease, which commenced 6/30/2016. The current annual rent is $118,499 and has scheduled increases of 1.50% annually.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,672 SF

Building Class

Year Built

1993

Price

$2,257,117

Price Per SF

$338.30

Cap Rate

5.25%

NOI

$118,499

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.75 AC

Parking

78 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

67’ on Benson Dr

MAJOR TENANTS

Accommodation and Food Services
-
-
Triple Net
Apr 2036

Bob Evans Restaurants is a chain of family style restaurants founded and headquartered in Columbus, Ohio, which owns and operates nearly 500 locations in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States. Bob Evans believed in treating strangers like friends and friends like family; and those principles are alive today at every Bob Evans Restaurant. As a private company owned by Golden Gate Capital, Bob Evans Restaurants is focused on providing quality food and hospitality to every guest at every meal, each and every day.