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net lease Bob evans

Net Lease Bob Evans Property Profile and Cap Rates

Date April 19, 2017

Net Lease Bob Evans – Typical Property and Lease Terms


Price Range:$1.5mm - $3 mm
Cap Rate:5.50%
Net Income:$130,000
Price Per foot:$400 PSF
Building Size:5,500 SF
Lot Size:1 AC
Escalations:2% annually
Lease Term:20 Years
Lease Type:NNN
Credit Rating:NR


Tenant Company Information:

Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans Restaurants brand in the United States. The company operates through two segments, Bob Evans Restaurants and BEF Foods. As of April 29, 2016, it operated 527 full-service Bob Evans Restaurants in 18 states, primarily in the Midwest, mid-Atlantic, and Southeast regions of the United States. The company’s restaurants offer breakfast, lunch, and dinner items in family-friendly settings. It also produces and distributes smoked and fully cooked pork and turkey sausage, ham, and hickory-smoked bacon products; ready-to-eat products, such as sandwiches, soups, and gravies; home-style refrigerated side dishes; and frozen food items primarily under the Bob Evans, Owens, and Country Creek brands. In addition, the company manufactures and sells products to foodservice customers, including Bob Evans Restaurants, and other restaurants and food sellers. Bob Evans Farms, Inc. was founded in 1948 and is based in New Albany, Ohio.