Hilliard Retail for Sale

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., as exclusive advisors to Seller, are pleased to present the fee simple interest in a CAVA drive-thru located in Columbus (Hilliard), Ohio (the “Property”). Originally a drive-thru QSR site, the Property was extensively remodeled for CAVA in 2026. The 2,882-square-foot building sits on a full acre and is leased directly to CAVA Mezze Grill, LLC, a wholly owned corporate entity of CAVA Group, Inc. (NYSE: CAVA), on a brand-new 15-year net lease. Backed by one of the most compelling growth companies in the restaurant industry, the Property is situated in a submarket that has consistently outperformed the broader Midwest for over a decade. Positioned as an outparcel to a Target that generates over 1.2 million visits annually (per Placer.ai), the site also sits within a half mile of one of the strongest big-box concentrations in the Columbus metro including Sam’s Club, Meijer, Walmart Supercenter, Kohl’s, and Burlington. Further the QSR lineup along the corridor features a best in class line-up of national credit operators, including Chick-fil-A, Chipotle, Starbucks, McDonalds, Panda Express, Texas Roadhouse, and Outback Steakhouse. With virtually no remaining pad sites available along Hilliard Rome Road, opportunities of this caliber rarely come to market. Hilliard has experienced exceptional demographic growth, with population increasing more than 30% since 2010 and projected to expand an additional 50% through 2050. The property benefits from a dense and affluent consumer base, with more than 189,000 residents within a five-mile radius and average household incomes approaching $100,000 within both the three- and five-mile trade areas. As part of the fastest-growing metropolitan area in the Midwest, Hilliard stands out as one of the strongest-performing submarkets within the greater Columbus MSA. The Property fronts Hilliard Rome Road, a primary north-south corridor carrying approximately 23,000 vehicles per day with direct access to Interstate 70, the 5th largest highway system in the country and the main artery connecting Hilliard to Downtown Columbus. Positioned at the midpoint between I-70 and Roberts Road, the site draws from multiple directions and serves both the daily commuter and a dense, growing residential base with equal convenience. Structured as a NN (Roof/Structure) corporate lease, the lease features 10% increases to base rent every 5 years through the base term and all three option periods. Notably, if the landlord elects to replace the roof, maintenance obligations then transfer to the tenant going forward, creating a clear and achievable path to a virtually “hands off” triple net (NNN) lease structure. The offering is further strengthened by the continued momentum of CAVA, which generated $1.18 billion in fiscal 2025 revenue, representing 23% year-over-year growth. The brand currently operates 439 locations across 26 states and has outlined a long-term growth strategy targeting 1,000 locations by 2032. Notably, CAVA is a publicly traded company (NYSE: CAVA) with a market cap exceeding $9 Billion, the 6th largest publicly traded QSR by market cap.

Property Subtype:

Fast Food

Date on Market:

2026-05-14

Lewis Center Flex for Sale - Polaris

GREEN MEADOWS COMMERCE CENTER IS A PROFESSIONALLY MANAGED MIXED USE OFFICE / INDUSTRIAL BUSINESS PARK CONVENIENTLY SITUATED BETWEEN POLARIS CENTERS OF COMMERCE AND RT. 23.

Date on Market:

2026-05-11

Columbus Office for Sale - Grandview/Upper Arlington

2150 Marble Cliff Office Park is a 12,991 SF, single-story medical office building ideally located in the highly desirable Grandview/Marble Cliff submarket. The property is 100% leased to two established healthcare tenants: Mount Carmel Medical Group and Elite Dental Partners. Constructed with an all-brick exterior, the building sits on 0.85 acres within Marble Cliff Office Park, a three-building professional campus environment. The site offers a strong parking ratio of 4.9 spaces per 1,000 SF, providing ample convenience for patients and staff. Surrounding land uses include a diverse mix of retail, office, industrial/flex properties, and both single-family and multi-family residential, supporting long-term tenancy stability and accessibility.

Property Subtype:

Medical

Date on Market:

2026-04-22

Reynoldsburg Retail for Sale - East

This single-tenant investment opportunity features a free-standing restaurant positioned on approximately 1.15 acres along Brice Road, a highly trafficked commercial corridor in Reynoldsburg, Ohio. The property is subject to a new 5-year lease with an established operator and includes renewal options, ensuring dependable cash flow and continuity for ownership. Offered at $980,000 with an 8.85% cap rate, the site provides a solid return profile for investors seeking stable income-generating assets. The building benefits from excellent visibility and accessibility, located near the I-70 Brice Road interchange, a key east-west route offering smooth connectivity throughout the Columbus metropolitan area. With 120 on-site parking spaces and zoning under the Community Activity Center designation, the property is designed to support high-volume restaurant operations and customer convenience. Prominent pylon signage further enhances exposure. Owner financing may be available, creating additional flexibility for qualified buyers. This asset is well-suited for investors who value strong traffic counts, long-term tenancy, and adaptable retail positioning within a thriving suburban market.

Property Subtype:

Restaurant

Date on Market:

2026-03-13

Columbus Portfolio of properties for Sale - North Central

Discover Riverview Apartments, a newly renovated community situated off Olentangy River Road, just minutes from Ohio State University, one of the largest universities in the country. This prime location provides easy access to campus, downtown Columbus, shopping, dining, and major highways. Each one- and two-bedroom unit has been completely updated with high-end finishes, including granite countertops, new flooring, modern cabinetry, upgraded lighting, and in-unit washer and dryers for ultimate convenience. Designed to appeal to students and young professionals, Riverview Apartments offer both comfort and style in a thriving neighborhood. An exceptional investment opportunity, Riverview Apartments are in an Opportunity Zone, making buyers eligible for a tax credit equal to 10% of the purchase price. Additionally, below-market rents are currently in place, providing significant upside for organic rent growth. Don’t miss this chance to own prime real estate in a high-demand market. Contact us today for more details or to schedule a tour!

Property Subtype:

Multi Family

Date on Market:

2026-03-11

Columbus Sports & Entertainment for Sale - Downtown

Located in the heart of Downtown Columbus at N. 4th St. and E. Gay St, the Columbus Athenaeum Conference and Special Events Center, originally built in 1898 as a Masonic Temple, was renovated and converted into a premier Columbus event and wedding venue. At over 160,000 SF and five stories high, this architectural beauty with its elegance and unique design has hosted many live concerts, performances, weddings and special events. The building includes a 1,000+ guest ballroom with a balcony, a large, deep-stage theater, the Oak Room used for smaller banquets and the Pine Room – a restaurant with a complete kitchen. The building features two passenger and two freight elevators for guest convenience and easy load-in. Some FF&E included in the sale. 2 additional parcels are included that allow for a few parking spaces and dumpster storage. Metered parking surrounds the building on E Gay St and N Young St. Sale process is subject to Court approval pending receivership. Any buyer will need to provide proof of funds and large deposit to be considered for purchase. Contact Broker for copy of purchase contract to be used.

Property Subtype:

Theater/Concert Hall

Date on Market:

2026-02-20

Columbus Office for Sale - Worthington

This is a versatile medical office building. It is well-suited for a variety of professional uses, including medical, dental, or general office needs. Tenants and visitors will benefit from the generous parking accommodations, ensuring convenient access to the facility. Whether for office or medical use, this property presents a prestigious and functional space for your business needs.

Property Subtype:

Medical

Date on Market:

2025-12-08

Columbus Land for Sale - East

Positioned in the thriving Columbus industrial corridor, this ±5.31-acre parcel at 0 Groves Road offers a rare opportunity for developers and investors seeking strategic land in a high-demand market. Zoned M-1 for industrial use, the site is ideal for a wide range of development possibilities, from logistics and distribution facilities to specialized manufacturing operations. Its generous dimensions of 270’ x 854’ provide flexibility for site planning and layout, while the property is currently being cleared and stoned for parking, accelerating readiness for construction. The location delivers exceptional connectivity. Situated near major thoroughfares including I-270, I-70, and U.S. Route 33, the site ensures efficient regional and interstate access. Traffic counts on nearby roads such as S. Hamilton Road (34,154 vehicles daily) underscore strong visibility and accessibility. Surrounding amenities include Eastland Mall, national retailers, and multiple apartment communities, creating a balanced environment for workforce convenience and business synergy. Columbus continues to rank among the Midwest’s fastest-growing metros, offering a robust labor pool and favorable economic climate. Secure your position in one of Ohio’s most dynamic industrial hubs and capitalize on the long-term growth trajectory of the region.

Property Subtype:

Industrial

Date on Market:

2025-12-03

New Albany Land for Sale - Westerville

The project is located within the New Albany International Business Park with more than 4,000 acres, over 10 million SF fully developed, and over 15,000 employees. Residential neighborhoods are scattered throughout the community. The area offers many amenities that include hotels, restaurants, grocery stores, specialty and convenience retail, fitness, cultural facilities and parks. Other area development includes Facebook’s complex to reach 1.5 million SF, Google 275,000 SF data center on its 447 acres, and Intel's planned $20 billion+ chip manufacturing project.

Property Subtype:

Commercial

Date on Market:

2025-03-14

Columbus Land for Sale - East

Koon Property Group proudly presents an unparalleled development opportunity in the bustling northern arch of Gahanna, Ohio, steps from the city of New Albany. The 1.159 acre property boasts 119 feet of frontage on busy Morse Road, averaging nearly 14,000 cars per day. With an easement to a fully lighted intersection, this prime location guarantees excellent visibility and unmatched convenience for your business. This site is one of the last undeveloped lots along Morse Road conveniently located between Hamilton Road and US-62. This is the ideal location for a business seeking high-profile exposure and ease of access for its customers. The property is zoned CC (Community Commercial), which allows for a variety of uses including, but not limited to office, medical office, daycare, and light retail. Unlike other developments with multiple competing storefronts, this site allows you to create a standalone presence. Maximize your signage opportunities and ensure your brand becomes the landmark on Morse Road. This is the perfect location to capture the attention of a vast potential customer base. Don't miss this opportunity to capitalize on this high-traffic location and create your dream business space!

Property Subtype:

Commercial

Date on Market:

2024-03-11

Groveport Land for Sale - Southeast

Property Subtype:

Commercial

Date on Market:

2021-05-18

Obetz Land for Sale - Southeast

25,000+ Vehicles per Day on Alum Creek Less than 1/2 mile from I-270 50,000+ Employees traveling to the area everyday for multiple shifts at National employers such as Amazon, Zuilily, UPS & Eddie Bauer 1,000+ NEW Housing Units under development within 2 miles of the Site! ~1,000,000 sq ft of Office within 3 miles of the site! 15 Year / 100% Tax Abatement on all Development!

Property Subtype:

Commercial

Date on Market:

2019-07-11

Columbus Industrial for Sale - East

111 Outerbelt Street is ideal for businesses seeking a stand-alone facility in a prime location. Positioned with excellent access to I-270 and I-70, this site offers seamless connectivity for logistics and commuting. Its proximity to a wide range of amenities enhances convenience for employees and clients alike, while the surrounding labor sub-market provides a strong and reliable workforce.

Property Subtype:

Warehouse

Date on Market:

2025-11-04

Columbus Portfolio of properties for Sale - Grandview/Upper Arlington

Unlock two prime commercial assets in one versatile location. Positioned in a highly accessible Columbus neighborhood, 880 & 896 King Avenue offer a unique blend of professional office space and functional storage — ideal for businesses seeking flexibility, visibility, and convenience. 880 King Ave features a well-designed office setup with room to expand. 896 King Ave combines office space with a 2,700 SF multi-bay garage, perfectly suited for companies that require both client-facing and operational space under one footprint. Ideal Use Cases: Professional services, creative agencies, contractors, field operations, or any business looking to centralize workspace, equipment, and fleet storage in a move-in-ready environment.

Property Subtype:

Mixed Types

Date on Market:

2026-01-05

Columbus Land for Sale - East

A 0.53-acre outparcel is available for sale or ground lease at Livingston Court Shopping Center, offering an exceptional retail opportunity with 165' of direct frontage on E. Livingston Avenue at a signalized corner. Formerly a fast-food site, the property is ideally suited for a restaurant, bank, coffee shop, or other small retailer looking to capitalize on strong visibility and traffic along this busy corridor. The site sits directly across from The Rand, a newly revitalized 500-unit apartment community, providing a built-in customer base in addition to the dense residential neighborhoods and workforce nearby. Livingston Court’s diverse tenant mix—including Brightside Academy, Boost Mobile, a locally owned grocery store, barber and beauty shops, resale shops, church and restaurants—further enhances daily foot traffic and makes this outparcel a prime location for retailers seeking immediate exposure and long-term growth potential.

Property Subtype:

Commercial

Date on Market:

2025-09-03

Columbus Portfolio of properties for Sale - Southeast

· +/- 3.329 Acres · Parcel Extends from Fornof Road to Dering Avenue · 3 buildings on the parcel: One residence, 2,344 SF, two commercial buildings, 1,866 sf and 1,388 sf respectively. · Currently operating as an auto sales lot. · Designated as one of the city’s “Community Activity Centers” districts, which allows for quick service retailers, such as fast food, gas, and convenience stores; mixed-use projects, hotel operators, restaurants/microbreweries, grocery/markets. · Great Potential for redevelopment on South High Street; near Route 104 and Steelton Village.

Property Subtype:

Mixed Types

Date on Market:

2024-10-22

Columbus Office for Sale - Westerville

Located at 2221 Schrock Rd in Columbus, OH, this property offers unmatched convenience with immediate access to I-270 and major thoroughfares. This well-maintained property features flexible floor plans, ample parking, and proximity to dining, retail, and business services.

Date on Market:

2024-08-28