Columbus Retail Strip
4030-4038 Morse Rd, Columbus, OH 43219
New
13,806 SF retail strip center in Columbus, Ohio.
Type:Shopping Strip
Property size:
13,806 SFPrice / SF:
$367/SF- Added:
- Jun 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 1 at 2:57 am
Property Features for 4030-4038 Morse Rd
General Information
- Standard status
- Active
- Size
- 13,806 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2006
Listing agent Dean Zang License #License(s): MD: 665335, VA: 0225239201 (202) 536-3754
Listing office Marcus & Millichap | Cleveland (202) 536-3754
Listing date Jun 1, 2026
Source Marcusmillichap
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 Marcus & Millichap | Cleveland
HighLights
- Strong credit tenant roster led by T‑Mobile and Eyemart Express, representing 80% of property revenue.
- T‑Mobile's long‑term lease through 2035 provides stable, long‑term income.
- Significant mark‑to‑market upside potential with two tenants currently paying below‑market rental rates.
- Located in the high‑demand Easton submarket of Columbus, Ohio, with strong retail fundamentals.
- Weighted average remaining lease term (WALT) of 5.8 years limits near‑term rollover risk.
- Eyemart Express has a history of long‑term occupancy with multiple renewals.
Overview
Diamond Plaza is a 13,806 square foot retail strip center located in the Easton submarket of Columbus, Ohio. The property features a tenant roster led by T-Mobile and Eyemart Express, which collectively represent 80% of the property’s revenue. The rent roll’s largest revenue generator at 45% is T-Mobile, on a long term lease through 2035. T-Mobile has a credit rating of “BBB” from Standard & Poor’s and “Baa1” from Moody’s. The tenant executed a new 10 year lease at $35.13 PSF. The second largest tenant by revenue is Eyemart Express, with a history of long term occupancy and multiple renewals, having successfully renewed three times. Most recently, Eyemark executed a five year contract renewal in 2025. Eyemark operates more than 250 locations across 42 states and is owned by VSP Vision (Vision Service Plan). Rental rates for two of the three tenants remain significantly below market. The two retail spaces are currently leased at $24 PSF and $30 PSF net. Both tenants have one remaining five-year option. Rental rates for these spaces are estimated at $40 PSF net. Upon stabilization and execution of the mark-to-market strategy, NOI is projected to be $216,000 higher than Year 1.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Sunglass Hut — 105 Easton Town Ctr, Columbus, OH 43219
- Sunglass Hut at Macy's — 4141 Brighton Rose Way, Columbus, OH 43219
- Centro Comercial — 205 Easton Station, Columbus, OH 43219
- Pop Fountains Easton Town Center — 3951 Easton Square Pl, Columbus, OH 43219
- Easton Town Center — 160 Easton Town Ctr, Columbus, OH 43219
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9090616
- Latitude
- 40.0580906
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 13,806 SF retail strip center in Columbus, Ohio.
Where is this shopping center located?
The property is located at 4030-4038 Morse Rd Columbus, OH.
What is the asking price?
The asking price for this property is $5,074,634.
What are key features of this property?
This property features: Strong credit tenant roster led by T‑Mobile and Eyemart Express, representing 80% of property revenue.; T‑Mobile's long‑term lease through 2035 provides stable, long‑term income.; Significant mark‑to‑market upside potential with two tenants currently paying below‑market rental rates.
