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Caractéristiques

Année de construction 2007
Surface
Taille du terrain ()

Description de la propriété

JLL is pleased to exclusively offer the opportunity to acquire a single tenant property corporately leased to Eat’N Park in Steubenville, OH which sits on the Ohio-Pennsylvania boarder, and is a part of the Pittsburgh MSA. The tenant, who built the building in 2007 recently executed a five-year extension, showing commitment to this location. The NNN ground lease has over 5 years remaining with attractive, 6% rental increases throughout the three (3), five (5) year option periods that remain. 


The property is conveniently situated off Route 43/Sunset Boulevard, a main thoroughfare in the region which boasts more than 24,150 VPD. In addition to the other nationally recognized outparcel tenants (Aspen Dental, WesBanco and Texas Roadhouse) that are situated adjacent to the property, there is a 24-Hour Walmart supercenter located just behind it. Eat’n Park is situated across from the Fort Steuben Mall which is set to backfill the former Sears box with an 120,000 SF entertainment center which will include bowling, miniature golf, a mini-arcade, laser tag and an indoor go-kart track, further driving consumers to the area.


Since 1949, Eat’n Park Restaurants has been a family-owned restaurant chain, serving guests across Pennsylvania, Ohio and West Virginia with a total of 60 locations. At the heart of Eat’n Park are more than 8,000 team members committed to providing friendly, attentive service. Eat’n Park offers an extensive menu of breakfast, lunch, and dinner favorites. They also offer endless soup, salad, and a fruit bar that features fresh fruits and vegetables sourced from local farms through their own Farm Source program.

Informations clés concernant l'investissement

  • Eat’N Park has been operating at this location since 2007 and recently signed a 5-year lease extension with attractive, 6% rental increases every five years, inclusive of the three, five-year option periods
  • The property is conveniently situated off Route 43/Sunset Boulevard, a main thoroughfare in the region which boasts more than 24,150 VPD
  • In addition to the other nationally recognized outparcel tenants (Aspen Dental, WesBanco and Texas Roadhouse) that are situated adjacent to the property, there is a 24-Hour Walmart supercenter located just behind it
  • The property is situated across from the Fort Steuben Mall which is set to backfill the former Sears box with an 120,000 SF entertainment center which will include bowling, miniature golf, a mini-arcade, laser tag and an indoor go-kart track, further driving consumers to the area
  • Steubenville, OH is a part of the Pittsburgh MSA located on the Ohio-Pennsylvania border, just 40 miles from the Pittsburgh CBD
Last Updated Date: 02 Nov 2020
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
Détenteur d'une licence en
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
Détenteur d'une licence en
NJ-1433421

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Last Updated Date: 02 Nov 2020

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