The freestanding Kohl’s at 133 Huber Village Blvd. in Westerville has a new landlord after the property sold at auction for $5.8 million, according to local reports. The nearly 100,000 square foot building sits at the heavily traveled I-270 and South State Street interchange and was marketed as a corporate-guaranteed Kohl’s with a long triple-net lease. The reported winning bidder was Columbus-based The Robert Weiler Co.
As reported by Columbus Business First, the sale followed an online auction earlier this spring and produced a final hammer price of $5.8 million. The outlet identified The Robert Weiler Co. as the purchaser and described the closing as the result of that auction process.
Deal Details And Property Data
The single-tenant building sits on roughly 10.22 acres and totals about 99,380 square feet, according to the broker’s marketing materials. The offering described a triple-net lease with Kohl’s that runs through Oct. 31, 2031, with two five-year renewal options and a reported annual net operating income near $625,000, per CommercialCafe.
The property was marketed on RI Marketplace with auction dates in early May and standard online bidding terms, according to the offering memorandum. That document laid out minimum-bid and nonrefundable deposit requirements for would-be buyers and is available via Revere CRE.
What It Means For The Store And Neighborhood
County tax and parcel records list the site as parcel 080-011588-00 and show a prior owner entity on file with the Treasurer’s office, which suggests the auction followed lender or REO processes rather than a simple retail sale. That setup typically keeps an operating tenant in place while new ownership records are finalized and the strategy is sorted out.
The buyer, The Robert Weiler Co., is a long-running Columbus commercial real estate firm that has been active in local acquisitions and redevelopment projects.
Bottom Line
The $5.8 million sale highlights continuing investor demand for single-tenant, net-leased retail in the Columbus market, particularly assets with in-place cash flow. For shoppers, the Westerville Kohl’s is expected to remain open under the existing triple-net lease while the new owner works through post-sale paperwork with county offices.
