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Property profile & analytics
OFF-MARKET Estimated value $2,700,000
Drive through restaurants

3977 Morse Xing Columbus, OH 43219-6039

6,003 SF 1.79 ac lot Built 1999
Entity Owned 17-yr Hold Free & Clear
Property ID
US66-5954944
Property summary
AI-generated overview

This exceptional 7,272 square foot restaurant space is available for lease in the highly desirable Easton Market area of Columbus, Ohio. Situated on a 1.9+ acre lot, this single-tenant property boasts a prime location at a signalized entrance to the Easton Town Center, a major regional shopping and entertainment destination. The building features a spacious interior of 7,272 square feet, complemented by an outdoor patio area, ideal for expanding seating capacity and creating a vibrant atmosphere. The property's location within the Easton super regional trade area ensures high visibility and significant foot traffic, providing exceptional opportunities for a thriving restaurant business. The property is classified as Retail and Restaurant, specifically a restaurant subtype, within Franklin County. The address is 3977 Morse Crossing, Columbus, OH 43219. This turnkey opportunity offers a well-established space ready for immediate occupancy, benefiting from its strategic placement within a bustling commercial hub. The property's size and location make it an attractive prospect for a variety of restaurant concepts seeking a prominent presence in a high-traffic area. The existing infrastructure and convenient access points further enhance the property's appeal to potential lessees. This is a rare opportunity to secure a well-positioned restaurant space in one of Columbus's most sought-after commercial districts.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 6,003 SF
Lot 1.79 ac (78,190 SF)
APN 010-249387
UPID US66-5954944
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Red Robin Gourmet Burgers and Brews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$2.70M
Owner & transaction history
Red Robin International INC · 17 yrs held
Red Robin International INC
since 2008
Last sale
$2.8M
2 recorded transactions
2011
Price N/A
2008
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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