733 Hebron Rd Heath, OH 43056-1351

Property Details for 733 Hebron Rd

Lot size

2.35 lot acres

Property size

46,033 SF

Property type

Commercial land

APN

030-088458-00.000

APU

3008845800000

Description

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.

Location Insight

City

Heath

County

Licking

State

Ohio

Longitude

-82.4376

Latitude

40.0327

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments