Listing Agency: SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed By: John Redfield · License #CA 01928036

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 8:37PM

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Investment Insights

Based on property information with market context.

SRS National Net Lease Group is pleased to offer the fee simple (land and building) interest in an absolute NNN leased Home Depot distribution facility (direct fulfillment center) in Luckey, Ohio. The lease is described as absolute NNN in nature with zero landlord responsibilities.

The property is corporately guaranteed by Home Depot Inc. (S&P: A) and is currently reported to have approximately 19 years remaining, with four (5-year) options to extend.

For investors seeking a management-free structure, this offering is presented as an absolute NNN investment with corporate credit support under the existing lease terms.

Key Highlights

• Fee simple (land and building) interest in an absolute NNN leased Home Depot Distribution Facility (Direct Fulfillment Center)
• Corporate‑guaranteed lease by Home Depot Inc., investment grade (S&P: A)
• Approximately 19 years remaining on the lease, with 4 (5‑year) options to extend

Property Analytics

Current Use

The Home Depot Distribution ... Distribution Center Home Depot Distribution ... Warehouse & Storage

Suggested Use

Top Pick Auto Parts Store Plumbing Service Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 43443, OH

1,856

Population

641

Households

2.9

Avg Household Size

42

Median Age

28%

College-Educated

96%

High-School Grad

12.4 sq mi

ZIP Area

150

Density / Sq Mi

$95,179

Median Household Income

$47,712

Median Earnings

$919

Median Rent

$187,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Absolute NNN leased distribution facility corporate-guaranteed by Home Depot Inc., with approximately 19 years remaining.

Where is this distribution center located?

The property is located at 22671 Pemberville Road Luckey, OH.

What are key features of this property?

This property features: Fee simple (land and building) interest in an absolute NNN leased Home Depot Distribution Facility (Direct Fulfillment Center); Corporate‑guaranteed lease by Home Depot Inc., investment grade (S&P: A); Approximately 19 years remaining on the lease, with 4 (5‑year) options to extend