For Sale
$4,865,349

733 Hebron RdHeath, OH 43056

Heath, OH: Prime Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 6,262 square foot Firestone auto shop in Heath, Ohio. Built in 2024, this single-tenant property boasts a 15-year net lease with five, five-year options, providing long-term stability and predictable cash flow. The lease includes a corporate guarantee from Bridgestone, the world's largest tire and rubber manufacturer, ensuring financial security. Located on a one-acre lot along a major retail corridor with national tenants like Walmart, Lowe's, and Target, this property benefits from high visibility and traffic. The lease features a 5% rent increase every five years, including option periods, protecting against inflation. With a strong 5.20% cap rate and a $252,998 annual net operating income (NOI), this investment offers significant returns. The property's prime location within the Columbus MSA, coupled with a high-income demographic and proximity to major roadways, ensures consistent demand and strong tenant performance. Firestone, with its A (S&P) investment-grade credit rating and over $30 billion in 2023 revenue, represents a highly creditworthy tenant. This is a rare opportunity to acquire a high-quality, net-leased property with a blue-chip tenant in a thriving retail market. The property is situated in a densely populated area with a 5-mile population of approximately 71,000 residents and an above-average annual household income of approximately $100,000. The asking price is $4,865,349, representing a price per square foot of $776.96. The lease commenced November 1, 2024, and expires November 30, 2039.

Highlights

  • 2024 built-to-suit Firestone auto shop with high-quality construction.
  • Corporate guarantee from Bridgestone, the world's largest tire and rubber manufacturer.
  • Lease features 5% rental increases every five years, including option periods.
  • 15-year NNN lease with five 5-year options, backed by a corporate guarantee.
  • Firestone holds an A (S&P) investment-grade credit rating and generated over $30 billion in 2023 revenue.
  • Firestone operates approximately 2,200 locations nationwide.

Property Details for 733 Hebron Rd

Property type
Retail properties, Auto shops
Square Feet
6,262 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Heath
County
Licking
State
Ohio
Latitude
40.0324514
Longitude
-82.4377793
733 Hebron Rd, Heath, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
733 Hebron Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message