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Bojangles 853 S 30th St 2,962 SF Retail Building Heath, OH 43056 $4,027,907 CAD ($1,359.86 CAD/SF) 6% Cap Rate
Investment Highlights
- The subject property is one of the top visited Bojangles locations and fast food restaurants overall in the Ohio per Placer.ai
- Rent increases 7% every 5 years, beginning in year 7 and in each option period
- Located at S 30th Street and Hebron Road within a rapidly expanding retail, industrial and residential area
- Absolute NNN Lease ~14-years of term remaining
- Zero Landlord maintenance or expense responsibilities
- In front of Walmart Supercenter, Target, and Indian Mound Mall anchored by Dick’s Sporting Goods, AMC Theater and JCPenney
Executive Summary
The subject property is located in Heath, a suburb of Columbus, at S 30th Street and Hebron Road (39,719 combined VPD), the area’s primary retail, residential, and industrial corridor. Bojangles is positioned in front of a Walmart Supercenter, Target, and Indian Mound Mall, which draws 1.6 million annual visits (per Placer.ai) and is anchored by Dick’s Sporting Goods, AMC Theatre, and JCPenney. The site also sits across from a Lowe’s Home Improvement ranked in the top 5%, and Kroger ranked in the top 10% in terms of store visits (nationwide), per Placer.ai.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,962 SF
Building Class
B
Year Built
2023
Price
$4,027,907 CAD
Price Per SF
$1,359.86 CAD
Cap Rate
6%
NOI
$241,691 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Opportunity Zone
Yes
Frontage
189’ on South 30th Street
Amenities
- Food Court
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-088608-00.001 | Improvements Assessment | $273,913 CAD |
| Land Assessment | $261,501 CAD | Total Assessment | $535,414 CAD |
Property Taxes
Parcel Number
030-088608-00.001
Land Assessment
$261,501 CAD
Improvements Assessment
$273,913 CAD
Total Assessment
$535,414 CAD
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Bojangles | 853 S 30th St
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