REO: Corporate-Guaranteed Kohl’s | Columbus MSA

Highlights:

• Corporate-Guaranteed Kohl’s | Recently Extended NNN Lease – Single-tenant net lease investment backed by Kohl’s Department Store, Inc. (NYSE: KSS) with lease term through October 31, 2031 and two 5-year renewal options.
• Stable Cash Flow – $625,000 current annual NOI with limited landlord responsibilities under a triple-net lease structure.
• High-Visibility Interstate Location – Positioned at the NEQ of Interstate 270 (±151,000 VPD) and S. State Street (±42,000 VPD), providing exceptional accessibility and regional connectivity within the Columbus MSA.
• Infill, Low-Vacancy Retail Submarket – Located in the Westerville retail submarket with approximately 9.4 million SF of inventory and low vacancy (~2.7%), with limited new retail construction.
• Strong Demographics & Affluent Trade Area – 105,381 residents within a 3-mile radius and 271,474 within 5 miles; average household incomes exceed $100,000 within 3 miles.
• Established Operating History – Kohl’s has operated at this location for over three decades, reinforcing long-term site viability and tenant commitment.

Description:

Ri Marketplace Online Auction May 4th-6th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3081/retail/westerville/oh?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3081

Transwestern Commercial Services, in conjunction with RealINSIGHT Marketplace, is pleased to present Kohl’s Westerville, a single-tenant net lease investment opportunity located at 133 Huber Village Boulevard in Westerville, Ohio. The Property is located at 133 Huber Village Blvd., Westerville, Ohio. It offers an investor a terrific opportunity to own a retail asset situated in an infill, high-density retail sub-market, at a location with over three decades of operating history and limited landlord responsibilities. The Property consists of 10.22 Acres of land and 99,380 square feet of building built in 1974 and remodeled in 1991. The Property benefits from being adjacent to West Park Plaza, a 216,000 square foot (inclusive of Kohl’s), community shopping center anchored by a 50,000 square foot Marc’s Grocery and newly opened 30,000 square foot Planet Fitness.

The Property is situated at the NEQ of Interstate 270 (over 151,000 vehicles per day) and S. State Street (over 42,000 vehicles per day) with access off Huber Village Boulevard in the Northeastern Columbus Ohio suburb of Westerville. The immediate trade area boasts other major retailers including Kroger, Walmart, ALDI, Chase, McDonald’s, Panera, Starbucks, Chipotle, Wendy’s, Sherwin Williams, PNC Bank, City Barbecue and many others. The area is heavily populated and affluent. There are 105,381 people located in a 3-mile radius and 271,474 people located in a five-mile radius, the average household income is $100,397 within three-miles and $107,778 within five-miles of the property. The Property is in the Westerville Retail Submarket with a total inventory of 9.4 million SF of retail space and a low vacancy factor of 2.7%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $19.77 PSF Net.


Thomas Seaman
Auctioneer
License: 2007000016
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: