For Sale
$2,134,956

5380 Hamilton RdColumbus, OH 43230

High-Traffic Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 3,069 square foot, single-story bank building situated on a 1.03-acre lot in Columbus, Ohio. Built in 2009, the property boasts a convenient 3-lane drive-thru and ample parking (26 spaces). Located on a high-traffic commercial corridor of North Hamilton Road, between Morse Road and OH-161, it benefits from approximately 20,000 vehicles per day. The property features a 15-year, fully net lease with a built-in 10% rent increase every five years, currently at $40 per square foot. The sale-leaseback structure offers a secure, long-term income stream with a compelling 5.75% cap rate. The property is zoned Commercial, CPD, and its location provides excellent visibility and accessibility. The tenant is a federally insured, state-chartered credit union established in 1935, with over 67,000 members and nine locations in Columbus and Cincinnati. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The asking price is $2,134,956, and the APN is 010-270644-00.

Highlights

  • Telhio Credit Union sale-leaseback opportunity.
  • Fully net lease at $40/SF with 10% rent increases every 5 years; 15-year term.
  • 5.75% cap rate.
  • 1.03-acre lot, 3,069 SF single-story building, built in 2009.
  • High-traffic location (20,000 VPD), featuring a 3-lane drive-thru and 26 parking spaces.
  • Federally insured, state-chartered credit union tenant (est. 1935) with over 67,000 members and 9 locations in Columbus and Cincinnati.

Property Details for 5380 Hamilton Rd

Property type
Retail properties, Banks
Square Feet
3,069 SF
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.066585194652
Longitude
-82.86246939234
5380 Hamilton Rd, Columbus, Ohio

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5380 Hamilton Rd
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