5380 Hamilton Rd Columbus, OH 43230-1318
- Banks
- 3,069 SF
- 1.03 lot acres
Current Use by Public Records
- Telhio Credit Union / Atm / Credit Union
Property Details for 5380 Hamilton Rd
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.03 lot acres
- Property size
- 3,069 SF
- Property type
- Banks
- APN
- 010-270644
- APU
- 10270644
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8621
- Latitude
- 40.0665
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
