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WESBANCO BANK BRANCH ABSOLUTE NNN INVESTMENT 1880 Baltimore-Reynoldsburg Rd 3,408 SF Retail Building Reynoldsburg, OH 43068 $5,391,750 CAD ($1,582.09 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 3,408 SF Free Standing Building built in 2006 remodeled 2024 with 4 Drive Thru Lanes
EXECUTIVE SUMMARY
Absolute NNN Investment
Sale Price: $3,900,000
NOI: 2026 $271,208 NNN 7% Cap Rate
2027 $276,632 NNN 7.1% 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
Sale Price: $3,900,000
NOI: 2026 $271,208 NNN 7% Cap Rate
2027 $276,632 NNN 7.1% 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
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,408 SF
Building Class
C
Year Built
2006
Price
$5,391,750 CAD
Price Per SF
$1,582.09 CAD
Cap Rate
7%
NOI
$377,423 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.37 AC
Parking
16 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
131’ on State Route 256
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060-009167 | Improvements Assessment | $333,210 CAD |
| Land Assessment | $395,142 CAD | Total Assessment | $728,352 CAD |
PROPERTY TAXES
Parcel Number
060-009167
Land Assessment
$395,142 CAD
Improvements Assessment
$333,210 CAD
Total Assessment
$728,352 CAD
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WESBANCO BANK BRANCH ABSOLUTE NNN INVESTMENT | 1880 Baltimore-Reynoldsburg Rd
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