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    1880 Baltimore-Reynoldsburg Rd Reynoldsburg, OH

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    For Sale
    $3,900,000

    Freestanding retail property with long-term lease and rent increases.

    Property size:
    3,408 SF
    Lot size:
    1.38 Acres

    Property Features for 1880 Baltimore-Reynoldsburg Rd

    General Information

    Size
    3,408 SF
    Lot size
    1.38 Acres

    Source: Alterra Real Estate Advisors Agent Richard Conie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wesbanco NNN Investment Opportunity

    This is an absolute NNN investment opportunity featuring a 3,408-square-foot free-standing building constructed in 2006 and remodeled in 2024. The property includes four drive-thru lanes. The tenant, Wesbanco (Nasdaq: WSBC), recently invested over $300,000 in improvements to the branch. Wesbanco has $18.7 billion in assets, 200 branches, and a 155-year history. The initial lease term is 20 years, with four renewal options of five years each, featuring 2% annual rent increases. The lease was recently renewed early for another 5 years and expires on 12/31/2031. The lease is NNN, with no landlord responsibilities. The NOI is $271,208 NNN with a 7% cap rate in 2026, and $276,632 NNN with a 7.1% cap rate in 2027, with 2% annual rent increases. This Wesbanco branch is a top-performing location in Columbus, Ohio, and one of the top branches in their 200-branch portfolio.
    Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.7839
    Latitude
    39.9581

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    FAQs

    What type of property is this?
    Bank - Freestanding retail property with long-term lease and rent increases.
    Where is this bank located?
    The property is located at 1880 Baltimore-Reynoldsburg Rd Reynoldsburg, OH.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease with No Landlord Responsibilities: Enjoy a completely passive income stream.; - Strong Tenant: Lease guaranteed by Wesbanco (Nasdaq: WSBC), a large and established financial institution.; - High-Performing Branch: Top performing Wesbanco branch in Columbus, Ohio.
    (614) 365-9000
    Request Owner's contact information
    1880 Baltimore-Reynoldsburg Rd Reynoldsburg, OH
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    Reynoldsburg, OH
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1880 Baltimore-Reynoldsburg Rd Reynoldsburg, OH
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