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    OFF-MARKET
    Banks

    5380 Hamilton Rd, Columbus, OH 43230-1318

    3,069 SF 1.03 ac lot Built 2009
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US66-4369458
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 2009
    Construction WOOD
    Total area 3,069 SF
    Lot 1.03 ac (44,736 SF)
    APN 010-270644
    UPID US66-4369458
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Telhio Credit Union Credit Union
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    City Of Columbus Ohio · 21 yrs held
    City Of Columbus Ohio
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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