750 Hebron RdHeath, OH 43056

For Sale
$3,460,000

High-return Sheetz NNN ground lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Highlights

  • High-traffic corner location at SR 79/Hebron Rd & Oberlin Dr, with 34,350 VPD.
  • Dense retail corridor with nearby Advance Auto Parts, Walgreens, Walmart, Target, and other national retailers.
  • Four-mile radius includes several national hotel brands.
  • Close proximity to Heath schools, Ohio State University Newark, and Licking Memorial Hospital.
  • High-density area with 69,384 residents within a five-mile radius.
  • Strong demographics: $84,776 average household income within five miles, projected 13%+ growth by 2028.

Property Details for 750 Hebron Rd

Property type
Other retail properties, Automotive properties
Square Feet
4,959 SF
Year Built
2023
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Heath
County
Licking
State
Ohio
Latitude
40.031683500737
Longitude
-82.437413520089
750 Hebron Rd, Heath, Ohio

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750 Hebron Rd
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