Realty Link Development, LLC
Listed by Realty Link Development, LLC, RealtyLink
$2,961,000
853 S 30th St
Details
Property Type Retail
Sub Type Commercial
Square Footage 2,962
Cap Rate 6.00%
NOI $177,672
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Term 16
Lease Expiration 09/30/2039
Remaining Term 13.6
Rent Bumps Yes
Lease Options 3-5 Years Each
Year Built 2023
Acreage 0.913
Zoning TownCenter
Parking Spaces 24 spaces
Parking per 1,000 SqFt 8.10
Lease Commencement 10/31/2023
Retail | 6.00% CAP | 2,962 SqFt
Marketing description
Strategically positioned in a dense retail corridor, the property benefits from its proximity to major national retailers such as Raising Cane’s, Chase Bank, Old Navy, Aldi, and Red Lobster, as well as several anchor tenants including Lowe’s, Walmart, and Best Buy. Additionally, the site is located near Indian Mound Mall, home to AMC Theatre, JCPenney, and Dick’s Sporting Goods, further driving consistent consumer traffic. The off-corner location at Hebron Rd & South 20th Street, with a traffic count of 33,074 VPD, offers excellent visibility and accessibility.
Heath, OH is located 30 miles East of Columbus. This parcel sits directly in front of the existing Big Lots right off of Hebron Rd.
Investment highlights
- New Single-Tenant Bojangles
- Top-ranking fast food in Ohio by visits (Placer.ai)
- Absolute NNN Lease ~14-years of term remaining
- Rent increases 7% every 5 years, beginning in year 7 and in each option period
- No Landlord responsibility High-Traffic Location
- Located at S 30th Street and Hebron Road within a rapidly expanding retail, industrial and residential area
- In front of Walmart Supercenter, Target, and Indian Mound Mall anchored by Dick’s Sporting Goods, AMC Theater and JC Penney. Across from a top 5% Lowe ’s and top 10% Kroger (nationwide)
- Nearby national hotels and retailers include Hampton Inn, Comfort Inn & Suites, Target, Chase Bank, Old Navy, Ulta Beauty, Verizon, Staples, Starbucks, McDonald’s, Harbor Freight, Best Buy, Tractor Supply, Sheetz and Firestone Tires
- Downtown Columbus (36.7 miles)
- John Glenn (CMH) Columbus International Airport (34 miles) Economic and Growth Drivers
- Heath is a hub for defense aerospace manufacturing, centered around the Central Ohio Aerospace and Technology Center (COATC)
- The region is anchored by Boeing, which is investing over $50 million to expand its facility for advanced defense navigation and guidance systems • Ohio State University (~45,000 students, faculty and staff), and Columbus State Community College (~41,000 students and 2,500 faculty and staff)
- Heath City School District (1,647 students)
Listing Contacts
Realty Link Development, LLC
Listed by Realty Link Development, LLC, RealtyLink
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,672.00
$14,806.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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