3969 Morse Xing - Restaurant FOR SALE


Columbus, OH 43219- Easton
$3,350,000 USD
440-915-7902
3969 Morse Xing, Columbus, OH for Sale
$3,350,000 USD
Restaurant - FOR SALE
1/17
null | 5.75% Cap Rate

3969 Morse Xing
Columbus, OH 43219
Easton


HIGHLIGHTS

  • • Location, Location, Location! Corporate, Single-Tenant Buffalo Wild Wings Ground Lease
  • • Far Below Market Rental Rates(Over 50% Lower) for Comparables| Positioned Heart of Easton Shopping Corridor & Outparcel Entrance to Major Power Ctr.
  • • Absolute NNN (Zero Landlord Management Responsibilities) Lease with 10 Years of Term Remaining (No Early Termination Rights) & 10% Rental Bump 2030
  • • Easton Town Center: One of the Country’s Leading Upscale Retail Centers Drawing More Than 30 Million Visitors & Ranked A Top Columbus Attraction
  • • Dynamic Demographics: Unbelievably High Population Density of Nearly 1 Million People & Avg. Household Incomes of $119,950+ Within 10 Mile Radius
  • • Oversized 2-Acre Lot at Corner Location with Traffic Light, Modern Construction, Additional Covered Outdoor Patio Seating and Prominent Signage

OVERVIEW

• Location, Location Location! Corporate, Single-Tenant Buffalo Wild Wings Ground Lease Positioned in the Heart of the Easton Shopping Corridor and Outparcel at Entrance to Major Power Center • Far Below Market Rental Rates (Over 50% Lower) for Comparable Retail • Absolute NNN (Zero Landlord Management Responsibilities) Lease with 10 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increases in 2030 • Easton Town Center: One of the Country’s Leading Upscale Retail Centers Drawing More Than 30 Million Visitors and Ranked as One of the “Top Things to Do in Columbus, OH” by US News, World Report and Trip Advisor • Dynamic Demographics with Unbelievably High Population Density of Nearly 1 Million People and Average Household Incomes of Over $119,950 Within a 10-Mile Radius • Outparcel to Power Center, Easton Market: HomeGoods, Ulta, DSW, Nordstrom Rack, J. Crew, TJ Maxx, Sierra, Old Navy, Ross, Burlington, Michael’s and Many, Many More • Corner Location with Traffic Light, Modern Construction, on an Oversized 2-Acre Lot with Additional Covered Outdoor Patio Seating and Prominent Monument Signage • Complete 2020 Renovation to Accommodate Buffalo Wild Wings Brand to Ensure Familiarity and Success • Strong Tenancy: Corporate Location Owned by Inspire Brands, Reporting $32.6 Billion is Global System Sales • Columbus Accolades: “Top 10 Best Cities to Live In” by Traveler, “One of the Best Places to Live in the U.S.”, according to CNN/Money Magazine and Others; Recognized as a “Top 10 Best Big City in the U.S.”, a “Top 10 City for New College Grads”, and a “Top 5 City for Female Entrepreneurs & Recognition for its Culinary Scene, Beer Culture, and Cultural Diversity • Convenient Access to Direct Access to I-270 (Less Than 1 Mile) with 122,190+ VPD • Strategic Location: Short 10 Minute Commute to Downtown Columbus and The Ohio State University (Approximately 50,000 Employees, 62,000 Students) and 5 Miles to John Glenn Columbus International Airport • Expected Off-The-Charts Area Growth: Huge Announcement from U.S.-Based Intel Launching a New Hi-Tech $20 Billion, 926 Acre Site (10 Miles North) Making it the Largest Semiconductor Manufacturing Site in the World! Creating Thousands of High-Paying Jobs (Estimated 3,000+), 7,000+ Constructions Jobs Over the Course of the Build, and Will Offer Tens of Thousands of Indirect and Direct Support Jobs Benefiting the 140 Existing Ohio Companies, Joining Meta’s Existing Campus with Announced Expansion Through 2028 with a Total Investment of $1.5 Billion

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$457 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp BW3 Far Below Market Rent | XL Lot | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

134

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

LM

APN/PARCEL ID

010-246953

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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