750 Hebron Rd Heath, OH 43056-1350
Property Lookup
Property profile & analytics
750 Hebron Rd Heath, OH 43056-1350
- Commercial land
- 8,664 SF
- 1.07 lot acres
Property ID
US66-0636613
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 750 Hebron Rd
- Lot size
- 1.07 lot acres
- Property size
- 8,664 SF
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,336,000
- AI Estimate
- $998,000
Market price range: $388k - $1.55MMarket price range: $205k - $998k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $845,000 Current use
- RESTAURANT
- $1,150,000 Change: +36% Conversion: Difficult
- OFFICE BUILDING
- $820,000 Change: -3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Heath
- County
- Licking
- State
- Ohio
- Longitude
- -82.4371
- Latitude
- 40.0312
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,921
$351,090
$0.00
$351,090
-
$1,003,100
$0.00
$1,003,100
