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    NNN Property in Columbus MSA Title is generated by Realmo AI

    3931 Trueman Blvd, Hilliard, OH 43026

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    100% Occupied NNN property in Columbus MSA for sale.

    Type:Retail
    Property size:
    25,283 SF
    Price / SF:
    $177/SF
    Added:
    Mar 18, 2026
    Days on Market:
    101
    Last Refresh:
    Mar 20 at 12:16 am

    Property Features for 3931 Trueman Blvd

    General Information

    Standard status
    Active
    Size
    25,283 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2006

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    Zach Zechman

    Listing office Colliers - Columbus, Ohio

    Listing date Mar 18, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Columbus, Ohio

    HighLights

    • 100% Occupied NNN (Triple Net Lease)
    • Located in Columbus MSA (Metropolitan Statistical Area)
    • High Household Income: $160K within 1 mile
    • Significant Population: 233K within 5 miles
    • Year Built: 2006
    • Stable investment with existing tenants

    Overview

    This is a 25,283 square foot NNN property located within the Columbus, Ohio Metropolitan Statistical Area. The property is currently 100% occupied. The surrounding area has a high household income, with an average of $160,000 within a 1-mile radius. The population within a 5-mile radius is approximately 233,000 residents.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $494.5k $19.56
    − Vacancy −$13.5k −$0.53
    EGI $481.1k $19.03
    − OpEx −$144.3k −$5.71
    NOI $336.8k $13.32
    25,283 SF · lease $19.56/SF/yr · vacancy 2.72% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.81M
    $4.21M – $5.61M (±1% cap)
    NOI $336,759 @ 7.0% cap · market cap 7.52%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.15M
    $4.51M – $6.01M (±1% cap)
    NOI $360,813 @ 7.0% cap · market cap 8.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Louis Appiah-Kubi Physician Block Advisors Tax Preparation Jacqueline Young Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1177679
    Latitude
    40.0341174

    FAQs

    What type of property is this?
    NNN property - 100% Occupied NNN property in Columbus MSA for sale.
    Where is this nnn property located?
    The property is located at 3931 Trueman Blvd Hilliard, OH.
    What is the asking price?
    The asking price for this property is $4,480,000.
    What are key features of this property?
    This property features: 100% Occupied NNN (Triple Net Lease); Located in Columbus MSA (Metropolitan Statistical Area); High Household Income: $160K within 1 mile
    More about this property
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