Smokey Bones 3939 Morse Crossing 7,057 SF Retail Building Columbus, OH 43219 $2,825,000 ($400.31/SF) 7.69% Cap Rate

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.