750 Hebron RdHeath, OH 43056

Property Details for 750 Hebron Rd

Lot size

1.07 AC

Property size (Sq ft)

8,664 SF

Property type

Land

Property subtype

Commercial land

APN

030-093366-00.000

APU

3009336600000

Description

This exceptional investment opportunity presents a 4,959 square foot Sheetz convenience store and gas station located at 750 Hebron Rd, Heath, OH 43056. The property sits on a 1.6-acre lot and boasts a 15-year absolute NNN ground lease commencing July 24, 2023, and expiring August 31, 2038. The lease includes 5% rental increases every five years, providing significant long-term growth potential. The property benefits from a corporate guarantee and a strong net operating income (NOI) of $192,000, resulting in a 5.55% cap rate. Built in 2023, this Sheetz enjoys excellent visibility at a signalized intersection with high daily traffic counts (34,350 vehicles). Its prime location within a dense retail corridor, near major traffic drivers, schools, and a hospital, ensures consistent customer traffic. The surrounding area features strong demographics, with a high average household income and significant population density (69,384 residents within a five-mile radius). This property is ideally suited for 1031 exchange investors seeking a passive income stream with built-in rent escalations and minimal landlord responsibilities. The property's proximity to major highways and airports provides easy accessibility. This is a rare opportunity to acquire a high-performing Sheetz ground lease in a thriving Ohio market. The asking price is $3,460,000.

Location Insight

City

Heath

County

Licking

State

Ohio

Latitude

40.0312

Longitude

-82.4371

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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