733 Hebron Rd, Heath, OH 43056
- Commercial land
- 46,033 SF
- 2.35 lot acres
Current Use by Public Records
- Commercial land
Property Details for 733 Hebron Rd
- Lot size
- 2.35 lot acres
- Property type
- Commercial land
- APN
- 030-088458-00.000
- APU
- 3008845800000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 4, 2025 | $4,730,000 | Segal Properties LLC | Heath Bf Bts Retail LLC | Deed | — |
| Apr 19, 2024 | — | Casto 733 LLC | State Street Holding INC | Limited Warranty Deed | — |
| Apr 18, 2024 | — | State Street Holding INC | Casto 733 Hebron LLC | Limited Warranty Deed | — |
| Apr 16, 2024 | $950,000 | Heath Bf Bts Retail LLC | Casto 733 Hebron LLC | Limited Warranty Deed | — |
| Nov 21, 2022 | — | Heath Car Wash Propco LLC | Casto 733 Hebron LLC | Limited Warranty Deed | — |
| Mar 22, 2019 | $650,000 | Casto 733 Hebron LLC | Abs Hotels INC | Grant Deed | — |
| Oct 19, 2010 | $1,400,000 | Abs Hotels INC | Sk Motels LLC | Warranty Deed | $1.3M · Community South Bank |
| Sep 21, 2007 | $2,950,000 | Sk Motels LLC | Jai Guru II INC | Trustees Deed | $1.5M · Community South Bank |
| — | — | Sk Motel LLC | — | Deed Of Trust · related | $927k · Community Capital Dev Corp |
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,192,000
Market price range: $1.09M - $5.30M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Heath
- County
- Licking
- State
- Ohio
- Longitude
- -82.4376
- Latitude
- 40.0327
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
