For Sale
$3,089,948

853 30Th StHeath, OH 43056

High-Growth QSR Net Lease Opportunity

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents a brand-new, 2,962 square foot Bojangles restaurant in Heath, Ohio. Located in a dense retail corridor near major retailers like Walmart, Lowe's, and Best Buy, as well as the Indian Mound Mall, this property benefits from high traffic counts and strong visibility. The property sits on a 0.93-acre lot and features a new 16-year absolute NNN lease with a prominent franchisee operating over 125 units across six states. The lease commenced November 1, 2023, and includes three 5-year renewal options, ensuring long-term stability. The current lease boasts a 5.75% cap rate and a substantial net operating income (NOI) of $177,672. Built in 2023, the property benefits from scheduled rental increases throughout the initial term and at the beginning of each option period, providing a hedge against inflation. This is a rare opportunity to acquire a high-performing asset in a prime retail location with a strong, established tenant and significant growth potential within the Columbus market. The franchisee has a 15-store development agreement with Bojangles, further solidifying the long-term outlook for this investment. The asking price is $3,089,948.

Highlights

  • $3,089,948 asking price for a Net Leased Bojangles restaurant.
  • Absolute NNN lease with a creditworthy franchisee operator.
  • 14.8 years remaining on a 16-year lease (commencing 11/1/2023, expiring 10/31/2039), with three 5-year renewal options.
  • 5.75% cap rate based on a $177,672 Net Operating Income (NOI).
  • 2,962 square foot building on a 0.93-acre lot, built in 2023, located at 853 S 30th St, Heath, OH 43056.

Property Details for 853 30Th St

Property type
Retail properties, Restaurants
Square Feet
2,962 SF
Year Built
2023
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Heath
County
Licking
State
Ohio
Latitude
40.0293776
Longitude
-82.4439126
853 30Th St, Heath, Ohio

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853 30Th St
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