FIRESTONE

733 Hebron Road, Heath, OH 43056
$5,059,960

Cap Rate
5.00%
Year Built
2024
Leasable Area
6,262 SF
Term Remaining
±15 Yrs
NOI
$252,998
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • 2024 Built-to-Suit High Quality Construction for Firestone
  • The lease features a corporate guarantee from Bridgestone who is the world’s largest manufacturer of tire and rubber products.
  • 5% rental increases every five years including option periods
  • Brand new 15 year corporately guaranteed lease with five, 5 year options
  • Firestone boasts the highest credit rating in the Auto Service Sector with an investment grade credit rating of A (S&P) and had over $30B in reported revenue in 2023.
  • Firestone was founded in 1900 and now has ±2,200 locations nationwide
  • Heath, OH is part of the Columbus, OH MSA and has 5-mile population of 71,000 ± residents and a above average annual household income of approximately $100,000
  • Located adjacent to Newark and just outside the Columbus MSA making this a highly trafficked market and location.
  • The property is located along a major retail corridor including national tenants such as: Walmart Supercenter, Lowe’s Home Improvement, Olive Garden, Raising Cane’s, Target, Verizon, Panera Bread, as well as several hotels and Heath High School and Middle School

Broker of Record

  • Kyle Matthews
  • License No. REC.2022007141 (OH)
  • 866 889 0550
  • Matthews Real Estate Investment Services, Inc
  • 950 Main Ave.,
    Suite 510, Cleveland, OH 44113