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Chick-Fil-A 775 Hebron Rd 5,218 SF Retail Building Heath, OH 43056 $4,199,190 CAD ($804.75 CAD/SF) 4.50% Cap Rate
Investment Highlights
- BEST-IN-CLASS TENANT
- PRIME RETAIL LOCATION
- EXCEPTIONAL TRAFFIC COUNTS
- NEW CONSTRUCTION GROUND LEASE
- STRONG DEMOGRAPHICS
- ATTRACTIVE RENT INCREASES
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Chick-fil-A located at 775 Hebron Road in Heath, Ohio (the “Property”). The new construction free-standing single tenant Chick-fil-A consists of a 5,218 square foot building with a dual-lane drive thru. Chick-fil-A has a new 15-year Absolute NNN Ground Lease with twelve (12), 5-year renewal options. The lease calls for attractive 7.5% rent increases every five years throughout the base term and renewal options. The Property is currently under construction and has an anticipated rent commencement date of September 1, 2026.
The new construction Chick-fil-A occupies a highly visible position along Hebron Road (OH Route 79), one of the region’s most heavily traveled retail and commuter thoroughfares. Positioned within the heart of Heath’s premier commercial district, the Property benefits from outstanding exposure, ample frontage, and easy ingress and egress. The surrounding trade area is anchored by Indian Mound Mall and features a strong concentration of national retailers, including Target, Walmart Supercenter, leading grocery operators, and numerous dining and service establishments that generate significant daily traffic. The Property is further supported by a large residential population, nearby schools, and Licking Memorial Hospital, providing a consistent stream of local consumers. Additionally, convenient access to OH Route 16, US Route 40, and Interstate 70 connect the site to Newark, Columbus, and the broader Central Ohio region, enhancing its accessibility and regional draw.
The new construction Chick-fil-A occupies a highly visible position along Hebron Road (OH Route 79), one of the region’s most heavily traveled retail and commuter thoroughfares. Positioned within the heart of Heath’s premier commercial district, the Property benefits from outstanding exposure, ample frontage, and easy ingress and egress. The surrounding trade area is anchored by Indian Mound Mall and features a strong concentration of national retailers, including Target, Walmart Supercenter, leading grocery operators, and numerous dining and service establishments that generate significant daily traffic. The Property is further supported by a large residential population, nearby schools, and Licking Memorial Hospital, providing a consistent stream of local consumers. Additionally, convenient access to OH Route 16, US Route 40, and Interstate 70 connect the site to Newark, Columbus, and the broader Central Ohio region, enhancing its accessibility and regional draw.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,218 SF
Building Class
B
Year Built
2026
Price
$4,199,190 CAD
Price Per SF
$804.75 CAD
Cap Rate
4.50%
NOI
$188,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.46 AC
Opportunity Zone
Yes
Zoning
Restaurant Building
Amenities
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-088830-00.000 | Improvements Assessment | $121,986 CAD |
| Land Assessment | $284,635 CAD | Total Assessment | $406,622 CAD |
Property Taxes
Parcel Number
030-088830-00.000
Land Assessment
$284,635 CAD
Improvements Assessment
$121,986 CAD
Total Assessment
$406,622 CAD
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Chick-Fil-A | 775 Hebron Rd
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