WESBANCO BANK BRANCH NNN LEASED INVESTMENT COLUMBUS, OHIO

Sale Price: $4,100,000
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 portfolio.

Location:
Reynoldsburg, Ohio and neighboring Pickerington are thriving suburbs of Columbus Ohio, one of fastest growing cities in the country. This property is located only 22 minutes to the new Intel Plant in Central Ohio. Columbus, Ohio is known as the Silicon Valley of the Midwest due to it’s technology growth from such tenants at Amazon, Google, Microsoft, Meta and many others. Also being the State Capital and having a large banking, insurance, logistics and manufacturing base makes Columbus a very stable and growing community. The Ohio State University and numerous other colleges and technical schools with nearly 150,000 students provides a steady supply of workers. This property is in a prime retail location next to Culvers and close to Best Buy, Target, Walmart and many other national retailers. Situated in the heart of a thriving commercial district, the area boasts easy access to major highways and a growing community.

Sale Opportunity:
Opportunity to buy a top performing NNN leased bank branch with a strong regional bank tenant and a 20-year operating history in this location. The tenants recent remodel of the branch and their early renewal, demonstrates their commitment to this top performing location. The 2% annual rent increases provide continued appreciation of this investment. This lease is triple net with no landlord responsibilities. Tenant has no options or rights of first refusal to purchase the property.

• Lease Type: NNN (No Landlord Responsibilities)
• Tenant: Wesbanco, Nationally recognized as one of Americas Best Regional Banks – Nasdaq: WSBC (Russell 2000 Component) $18.7 Billion Assets, $14.1 Billion Total Deposits, $12.7 Billion Total Loans, 200 Branches.
• Credit Rating BBB+/A-; 155 Year History
• 2024 Q4: $1 billion in loan growth and $1 billion in deposit growth
• 9.1% annual loan growth since 2021
• Recently acquired Premier Bank which will increase assets to $27 Billion
• Lease Term: 20-year lease with four (4) 5-year renewal options commenced December 1, 2006
• Expiration: December 31, 2031 (First Renewal Executed Early)
• Increases: 2% annually

  Tenant recently spent over $300,000 in new improvements to the branch.

• New sign
• Interior Furniture
• New Teller Line
• New Drive-thru equipment