1880 Baltimore-Reynoldsburg Rd - Bank FOR SALE


Reynoldsburg, OH 43068- Slate Ridge
$4,100,000 USD
614-365-9000
1880 Baltimore-Reynoldsburg Rd, Reynoldsburg, OH for Sale
$4,100,000 USD
Bank - FOR SALE
1/13
null | 6.5% Cap Rate

1880 Baltimore-Reynoldsburg Rd
Reynoldsburg, OH 43068
Slate Ridge


HIGHLIGHTS

  • 3,408 SF Free Standing Building built in 2006 remodeled 2024 with 4 Drive Thru Lanes

OVERVIEW

NOI: 2025 $265,890 NNN 6.5 % Cap Rate 2026 $271,208 NNN 6.61% Cap Rate Rent Increases by 2% Annually Wesbanco Nasdaq: WSBC (Russell 2000) $18.7 Billion Assets. 200 Branches. 155 Year History 3,408 SF Free Standing Building built in 2006 remodeled 2024 with 4 Drive Thru Lanes Tenant recently spent over $300,000 in new improvements to the branch. 20 Year Initial Term with four (4) Renewal Options of five (5) years each with 2% annual rent increases. Just renewed lease early for another 5 years. Lease Expires 12/31/2031. NNN No Landlord Responsibilities. Top Performing Branch in Columbus, Ohio for Wesbanco and one of top branches in their 200-branch por

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,203 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WESBANCO BANK BRANCH NNN LEASED INVESTMENT CO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,547 SF

ZONING

-

APN/PARCEL ID

060-009167

ASK ABOUT THIS PROPERTY

Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

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Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.