5380 Hamilton Rd, Columbus, OH 43230-1318
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.
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Telhio Credit Union Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.