The Boulder Group Arranges Sale of Triple Net Lease Bob Evans Property

Northbrook, IL – January 4, 2017 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Bob Evans property located at 105l El Jobean Road in Port Charlotte, Florida for $1,904,000.

The property is ideally situated with frontage and visibility on El Jobean Road which experiences a traffic count in of over 26,500 vehicles per day. Bob Evans also benefits from its position as an outparcel to Port Charlotte Town Center, a 765,000-square- foot regional mall anchored by Macy’s, Dillard’s, Sears and Regal Cinemas. The mall serves as the retail epicenter of Charlotte County and is surrounded by a myriad of major national retail tenants including Target, Walmart Supercenter, Sam’s Club, The Home Depot, Kohl’s, Lowe’s Home Improvement, Best Buy and Kmart, among many others.

The Bob Evans’ 20-year absolute NNN lease has over 19 years of primary lease term remaining with five 5-year renewal options and 1.5% annual rent escalations throughout the lease term. The restaurant offers breakfast all day and follows a country living theme rooted back to its origins as a single truck stop diner in 1946. Bob Evans Farms, Inc. is a publicly traded company on the NASDAQ (Symbol: BOBE) and operates over 520 corporately owned restaurants in 18 states across the country.

More

SHARE
The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds.

Founded in 1997, the firm has arranged the acquisition and disposition of over $2.1 billion of single tenant net lease real estate transactions. In 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago

Contact:

Phone: 847-562-0003

Previous articleGovernor C.L. “Butch” Otter announced the appointment today of Chris Jensen, manager of the State Division of Building Safety’s Region 3, to succeed Kelly Pearce as the agency’s administrator
Next articleMeridian Buys 105,000 SF Office Building in San Mateo County for $29 Million