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VK Realty Acquires Bob Evans Restaurant at French Creek Square in Avon

Cogency Global Sells 5,000-SF Retail Bldg. for $2.6 Million
March 8, 2018
Jericho, NY-based VK Realty acquired a 5,426-square-foot Bob Evans retail building at 36160 Detroit Rd. in Avon, OH from Cogency Global for $2.6 million, or approximately $480 per square foot.

The restaurant is located within the 71,238-square-foot French Creek Square shopping center. The Bob Evans branch is on a 20-year lease. The national restaurant chain has more than 600 locations in 24 states.

Andrew Greenberg, director of investment sales at EXP Realty Advisors, represented the buyer. Glen Kunofsky, executive vice president of investments, Alex Marietto, broker, and Michael Glass, district manager, of Marcus & Millichap represented the seller, which bought the retail building in April 2017, according to CoStar’s data.

For more information on this transaction, please refer to CoStar COMPS #4129999.
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