Net Lease Bob Evans Property Profile and Cap Rates Date September 19, 2020
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 Restaurants is an American national chain of restaurants owned by Golden Gate Capital, and based in New Albany, Ohio. After its founding in 1948 by Bob Evans (1918–2007), the restaurant chain evolved into a company with the corporate brand name Bob Evans Farms, Inc. (BEF), and eventually set up a separate food division to handle the sale of its products in other markets. The company made several major acquisitions, including Owens Country Sausage in 1987, and was split in January 2017 with the sale of its restaurant division to an affiliate of Golden Gate Capital. BEF Foods remained independently owned until September 2017 when it was sold to Post Holdings.
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