Best Buy - Heath, OH

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a Best Buy (the “Tenant”) located at 701 Hebron Rd, Heath, OH 43056 (the “Property” or “Asset”). The Property is operating on the third option period of a 15-year lease with ±6.2 years remaining. The Property benefits from a rent of $9.25 PSF, significantly below the market rent of $21.26 PSF. Best Buy has a proven commitment to the site with over 26 years of operating history.

The Asset is strategically positioned near State Route 79 and enjoys convenient access to State Route 16, a major east-west corridor. Both roadways experience high traffic counts of 28,000+ and 42,000+ vehicle per day, respectively, providing strong visibility and accessibility for retailers. The surrounding demographics are very strong. Within a 5-mile radius of the Asset there are approximately 70,000 residents, and the average household income exceeds $88,000. The Property is in the primary retail corridor in Heath, OH on Highway 79 with over 2.5 million square feet of retail within 1 mile.

Best Buy is positioned in a dense retail corridor with two thriving shopping centers nearby, Southgate Plaza and Indian Mound Mall, which generate more than 3.7 million visits combined each year. This is the only Best Buy location within a 20-mile radius (Placer.ai). This unique opportunity allows investors the ability to acquire investment grade tenancy, net leased to an industry leading multi-channel electronics retailer in the largest metropolitan area in Ohio. The Asset offers secure cash flow backed by a quality tenant with more than $43.5 billion in sales in 2024.

OH Broker of Record: Jon Vanderplough - OH License No. 2005015674