3939 Morse Crossing - Restaurant FOR SALE


Columbus, OH 43219- Easton
$2,893,724 USD
847-562-8500
3939 Morse Crossing, Columbus, OH for Sale
$2,893,724 USD
Restaurant - FOR SALE
1/14
null | 7.25% Cap Rate

3939 Morse Crossing
Columbus, OH 43219
Easton


HIGHLIGHTS

  • Columbus MSA – Ranked #32 in the U.S. for population size
  • Shopping center outparcel – occupied by HomeGoods, Old Navy, Michaels, Burlington, T.J. Maxx, Value City Furniture, Ross, & several others
  • Established operating history since 2009
  • Extended lease through 2030 demonstrating commitment
  • Premier shopping center corridor – Easton Town Center, Easton Gateway, Easton Square, & Easton Market
  • Absolute NNN – No landlord responsibilities

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Smokey Bones property located in Columbus, Ohio. Smokey Bones has been operating in this location since 2009 and recently extended the lease, demonstrating commitment to the location. The current lease runs through December 2030 and features two 5-year renewal options. There are annual rental escalations throughout the primary term and renewal options. Additionally, the lease is absolute triple net and features no landlord responsibilities. The 7,029 square-foot building bene?ts from its outparcel position within Easton Market, a highly active retail corridor anchored by national retailers such as HomeGoods, Old Navy, Michaels, Burlington, T.J. Maxx, Value City Furniture, Ross, and several others. The property is also located near several premier shopping destinations, including Easton Town Center, Easton Gateway, and Easton Square. It offers direct access to Easton Way, which sees over 53,300 vehicles per day, and is just minutes from Interstate 270, which experiences 182,500 vehicles per day. The surrounding area is densely populated, with approximately 296,000 residents within a ?ve-mile radius and an average household income of $91,460. Furthermore, the asset bene?ts from a strong daytime population driven by signi?cant nearby office and industrial presence, including major employers such as JP Morgan, LBrands, Huntington Bank, Abbott, Bread Financial, Bath & Body Works, and Express. Smokey Bones is a full-service American restaurant chain specializing in barbecue, burgers, and hearty comfort food. Founded in 1999 by Darden Restaurants, the brand was later sold and is now owned by FAT Brands, with headquarters in Beverly Hills, California. As of January 2025, Smokey Bones operates 55 locations across 16 U.S. states, with the highest concentration in Pennsylvania and Florida, each hosting eight restaurants. The chain is known for its casual, sports-bar atmosphere and menu centered around slow-smoked meats, wings, and signature cocktails.

FOR SALE DETAILS

PRICE

$2,893,724 USD

PRICE/SF

$410 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smokey Bones

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

CPD, Columbus

APN/PARCEL ID

010-250979

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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