Drive-Thru Restaurant
For Sale
Contact for pricing
2081 Morse Rd, Columbus, OH 43224
Second-generation restaurant with drive-thru, positioned near major retailers and minutes from Interstate 71.
Property Size2,537 SF
Price / SF$433.58
Days on Market563
Property Features for 2081 Morse Rd
General Information
Standard status
Active
Size
2,537 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Northland
Drive-Thru
Yes
Traffic Count
34,000 vehicles/day
Highway Access
Yes
Listing Agency:
Colliers | Columbus
(614) 436-9800
Listed By:
Andrew White
(614) 410-5617
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Oct 26
Last Checked: Oct 28 at 12:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Columbus
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-generation restaurant offers a drive-thru setup and is available for lease or sale. The property is positioned to support fast service concepts given the existing drive-thru configuration.
The site is just minutes from Interstate 71 and provides visibility to more than 34,000 vehicles per day on Morse Rd. Surrounding retail includes top-performing in-market Kroger, a new construction Aldi, Menards, Guitar Center, and multiple automotive retailers.
Numerous national and regional fast-casual and quick-service operators are located in the immediate area, including Chipotle, Charley’s Cheesesteaks, Wendy’s, Taco Bell, Arby’s, and McDonald’s.
The site is just minutes from Interstate 71 and provides visibility to more than 34,000 vehicles per day on Morse Rd. Surrounding retail includes top-performing in-market Kroger, a new construction Aldi, Menards, Guitar Center, and multiple automotive retailers.
Numerous national and regional fast-casual and quick-service operators are located in the immediate area, including Chipotle, Charley’s Cheesesteaks, Wendy’s, Taco Bell, Arby’s, and McDonald’s.
Key Highlights
- Second‑generation restaurant with drive‑thru available for lease or sale
- Located minutes from Interstate 71
- Visibility to over 34,000 vehicles per day on Morse Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,976
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,520
$679.5K
Cap Rate 7%
$485,371
$485.4K
Cap Rate 9%
$377,511
$377.5K
Market Conditions
NOI Build-Up for 2,537 SF
Gross rent
$48.7K $19.20/SF
− Vacancy
−$3.4K −$1.34/SF
EGI
$45.3K $17.86/SF
− OpEx
−$11.3K −$4.46/SF
NOI
$34.0K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,520
Cap Rate 7%
$485,371
Cap Rate 9%
$377,511
Alternative Uses
Best Use
Specialty Retail
$485.4K
$424.7K – $566.3K
NOI $33,976 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.7K
$462.6K – $616.9K
NOI $37,011 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 43224, OH
43,544
Population
19,238
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
79%
High-School Grad
8.3 sq mi
ZIP Area
5,246
Density / Sq Mi
$50,934
Median Household Income
$34,966
Median Earnings
$1,025
Median Rent
$159,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant with drive-thru, positioned near major retailers and minutes from Interstate 71.
Where is this drive through restaurant located?
The property is located at 2081 Morse Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Second‑generation restaurant with drive‑thru available for lease or sale; Located minutes from Interstate 71; Visibility to over 34,000 vehicles per day on Morse Rd.
