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Views: 71 DOM: 277 Updated: 07.24.24 Posted: 12.14.23 Status: Active

Summary

Price $957,531
Tenant Lion's Den
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,992
Lease Start 06-01-2024
#Units 47
Price/SF $191.81
Expiration 05-31-2044
Tenant Type General Retail
NOI $69,421
R. Term 19.8
Ownership Fee Simple
Rent/SF $13.91
Increases 2.0%/1/yrs
Pop 5Mi 36,494
Lot/AC 2.03
Options 2/5yrs/2%
AHHI 5Mi $95,417

Lease Highlights

  • Lion’s Den will be signing a brand new 20-year lease with 1 (5-year) and 1 (4 year, 11 months) options to extend at the close of escrow
  • Lease features 2% annual rental increase throughout the initial term and each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The 4,992 square foot subject property is strategically located on 2.03 acres along Hebron Rd., within close proximity to Interstate 70, providing a significant daily traffic count. The site benefits from 36,494 residents, earning an average household income of $95,417 within a 5-mile radius. Heath is a city in Licking County, Ohio. The population was 10,412 at the 2020 census. Heath is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Lion's Den
  • Guarantor:Corporate
  • Company:LD Management Company
  • # Units:47
  • Stock:Private

About Tenant

Lion’s Den is a family-owned chain of specialty shops offering adult products including pleasure tools, apparel, literature, adult arcades and more. Founded in 1971 in Columbus Ohio, the company...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 401 7,789 36,661
2023 Total Population : 400 7,712 36,494
2023 Employed Civilian Pop : 175 3,686 17,764
2023 Total Businesses : 59 443 1,406
2023 Average Household Income : $ 139,721 $ 93,042 $ 95,417
2023 Total Consumer Spending : $ 22 M $ 269 M $ 1265 M
2023 Median Age : 44 44 43
2023 Total Households : 191 3,337 15,281
2023 Pop Age 25+: Bachelor's Degree : 77 924 4,624
2023 Average Home Value : $ 222,204 $ 203,085 $ 253,491
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ridgely Tract Rd SE Hebron Rd 2018 942 0.16 mi
JAMES PKWY Hebron Rd 2021 1,702 0.19 mi
Hebron Rd James Pkwy 2018 18,286 0.22 mi
Hebron Rd Ridgely Tract Rd 2005 18,630 0.23 mi
Hebron Rd N Maple Dr 2005 18,630 0.70 mi
Ridgely Tract Road Marianna Dr 2021 932 1.03 mi
Ridgely Tract Road 2019 957 1.04 mi
Ryan Rd Roberta Dr 2009 416 1.05 mi
INTERNATIONAL DR 2020 134 1.19 mi
Thornwood Dr SW Alexandra Ave 2009 3,980 1.25 mi

Listing Broker

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