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853 S 30th St
Heath, OH 43056
Bojangles | Across from Lowe’s (Top 18%) · Retail Property For Sale

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Investment Highlights

  • Guaranteed by Bojangles’ largest franchisee, BOJ of WNC
  • Positioned in Heath’s top retail corridor with 30,328 VPD
  • Across from a top 18% performing Lowe’s in Ohio
  • 7% rent increases every 5 years, including option periods
  • Located in Columbus MSA, Ohio’s largest and fastest-growing metro
  • 16-year absolute NNN lease with zero landlord duties

Executive Summary

GUARANTEED BY THE LARGEST & MOST PROFITABLE OPERATOR IN BOJANGLES SYSTEM
• BOJ of WNC has 125 locations across 6 states all under the LLC that is guaranteeing this lease.
• The owner/operator began his career at Bojangles corporate in 1994 before purchasing six locations. Over the last 20+ Years, he has grown this portfolio to 125 units.
• BOJ of WNC recently sold its portfolio to private equity firm Eyas Capital. Eyas Capital plans to expand the franchisee’s footprint by 40 additional locations in the Cincinnati and Columbus, OH Markets.
• Bojangles has more than 800 restaurants in 21 states. The chain grew year-over-year sales in 2024 by 5.6%, ending with $1.9 billion and outpacing most of its peers in the chicken category, according to Technomic data.
• In the past five years, its unit count has grown by nearly 11%
16 YEAR NNN LEASE WITH RENT INCREASES IN INITIAL TERM & OPTIONS
• Bojangles signed a 16 Year NNN Lease that commenced in November 2023. There are 14 Years remaining.
• There are 7% increases every 5 years beginning in Year 7 and in each of the three-5 year option periods.
• There are 100% no Landlord responsibilities.
• The Tenant is responsible for all expenses including roof, structure, parking lot, HVAC, Insurance, Taxes, and Utilities.
ACROSS FROM TOP PERFORMING LOWE’S IN PRIMARY RETAIL CORRIDOR | HWY 79 (30,328 VPD)
• The subject property is located in the primary retail corridor in Heath, OH on Highway 79 (30,328 VPD) with over 2.5 million square feet of retail within 1 mile.
• Bojangles is positioned across the street from a Lowe’s Home Improvement that ranks in the top 18% of Lowe’s locations in Ohio.
• Surrounding national tenants in the corridor include Target, Walmart Supercenter, Lowe’s Home Improvement, Olive Garden, Raising Cane’s, Verizon, Panera Bread, and more.
• Less than 1.5 miles from a $218M mixed-use project which includes 42,000 square feet of retail and office, and 580,000 square feet of multifamily.
5 MILE POPULATION: 69,645 WITH PROJECTED AVG HOUSEHOLD INCOME OF $98,527
• Heath is an affluent Columbus, Ohio suburb with 69,602 people in a 5 mile radius and average household incomes of $98,527.
COLUMBUS, OH MSA | LARGEST MSA IN OHIO
• Columbus is the state capital and the most populous city in the state of Ohio with a metropolitan area of over 2 million.
• As of 2025, the Greater Columbus area is home to the headquarters of six corporations in the U.S. Fortune 500: Cardinal Health, American Electric Power, Bath & Body Works, Nationwide, Bread Financial, and Huntington Bancshares.
• Columbus is the home of two Universities: Ohio State University (61,443 students), one of the largest college campuses in the United States, and Columbus State Community College (27,621 students).
• Home to John Glenn Columbus International Airport that supports nearly 9.2 million passengers per year.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,962 SF
Building Class
B
Year Built
2023
Price
$3,038,000
Price Per SF
$1,025.66
Cap Rate
5.85%
NOI
$177,672
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.93 AC
Opportunity Zone
Yes
Frontage
189’ on South 30th Street

Amenities

  • Food Court
  • Restaurant
  • Signage
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
030-088608-00.001
Land Assessment
$191,100
Improvements Assessment
$200,170
Total Assessment
$391,270
  • Listing ID: 39459905

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 853 S 30th St, Heath, OH 43056

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