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Bob Evans 8325 Benson Dr 6,672 SF Retail Building Columbia, MD 21045 $2,154,527 ($322.92/SF) 5.50% Cap Rate
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
B
Year Built
1993
Price
$2,154,527
Price Per SF
$322.92
Cap Rate
5.50%
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
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- 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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Apr 2036 |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Little Patuxent Pkwy | Waterloo Rd, SE | 64,321 | 2025 | 0.08 mi |
| Rouse Parkway | Freedom Ct, N | 70,077 | 2025 | 0.09 mi |
| Rouse Parkway | Waterloo Rd, E | 21,487 | 2025 | 0.15 mi |
| Waterloo Rd | Gateway Overlook Dr, N | 20,113 | 2025 | 0.17 mi |
| Waterloo Road | Gateway Overlook Dr, SE | 23,982 | 2025 | 0.18 mi |
| MD 175 | Lark Brown Rd, E | 62,030 | 2025 | 0.28 mi |
| Waterloo Road | Summer Cloud Way, NE | 20,080 | 2025 | 0.28 mi |
| Little Patuxent Pkwy | Waterloo Rd, NW | 65,186 | 2025 | 0.43 mi |
| Waterloo Rd | Summer Cloud Way, NE | 20,167 | 2024 | 0.45 mi |
| MD 175 | Little Patuxent Pkwy, SE | 64,618 | 2025 | 0.50 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-200190 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,107,333 |
PROPERTY TAXES
Parcel Number
16-200190
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,107,333
MAP
ADDITIONAL PHOTOS
8325 Benson Dr - Columbia, MD - Aerial