Class A Medical Building with NNN
For Sale
$5,800,000
4595-4611 Trueman Blvd, Hilliard, OH 43026
Four-unit, Class A medical building built in 2013 with NNN leasing structure and 2% annual rent increases.
Property Size20,838 SF
Price / SF$278.34
Days on Market99
Property Features for 4595-4611 Trueman Blvd
General Information
Standard status
Active
Size
20,838 SF
Class
A
Property subtype
Office
Zoning
C-Commercial
Additional Details
Office Units
4
Building Details
Building Size
20,838 SF
Year Built
2013
Tenancy
Multi
Listed By:
Randall Jackson · License #OH #2010001909
(614) 975-6400
Source:
Jredcorp
Added: Jun 29
Changed: Sep 18
Last Checked: Oct 4 at 7:51AM
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 Randall Jackson
Investment Insights
Based on property information with market context.
This Class A medical building was constructed in 2013 and includes four separate units in a single 20,838-square-foot property. The offering is structured with all leases designated as NNN, and the rent schedule includes 2% annual increases. The building is positioned for professional office and medical tenant use under its C-Commercial zoning designation.
The property is located at 4595-4611 Trueman Blvd in Hilliard, Ohio, within the Columbus MSA area. The seller’s remarks also note favorable long-term tax treatment, including a 50% tax abatement for 10 years.
For investors seeking a stabilized, multi-unit medical office asset, this configuration provides a straightforward NNN structure across all units along with contractual annual rent growth. For medical and office operators, the building’s specialization as a medical facility and its Class A construction support a tenant experience aligned with healthcare-oriented real estate needs.
The property is located at 4595-4611 Trueman Blvd in Hilliard, Ohio, within the Columbus MSA area. The seller’s remarks also note favorable long-term tax treatment, including a 50% tax abatement for 10 years.
For investors seeking a stabilized, multi-unit medical office asset, this configuration provides a straightforward NNN structure across all units along with contractual annual rent growth. For medical and office operators, the building’s specialization as a medical facility and its Class A construction support a tenant experience aligned with healthcare-oriented real estate needs.
Key Highlights
- 20,838 SF Class A medical building built in 2013 featuring 4 units
- All leases are NNN with 2% annual rent increases
- Zoned C‑Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,557
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,131,140
$5.1M
Cap Rate 7%
$3,665,100
$3.7M
Cap Rate 9%
$2,850,633
$2.9M
Market Conditions
NOI Build-Up for 20,838 SF
Gross rent
$450.1K $21.60/SF
− Vacancy
−$108.0K −$5.18/SF
EGI
$342.1K $16.42/SF
− OpEx
−$85.5K −$4.10/SF
NOI
$256.6K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,131,140
Cap Rate 7%
$3,665,100
Cap Rate 9%
$2,850,633
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $256,557 @ 7.0% cap · market cap 4.42%
Second Best
Healthcare Medical
$2.95M
$2.58M – $3.44M
NOI $206,236 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$4.25M
$3.72M – $4.96M
NOI $297,379 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical center - Four-unit, Class A medical building built in 2013 with NNN leasing structure and 2% annual rent increases.
Where is this medical center located?
The property is located at 4595-4611 Trueman Blvd Hilliard, OH.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 20,838 SF Class A medical building built in 2013 featuring 4 units; All leases are NNN with 2% annual rent increases; Zoned C‑Commercial
