For Sale
$2,991,000

206 Cherry Tree LnMarietta, OH 45750

High-yield NNN leased restaurant investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 7,982-square-foot Texas Roadhouse restaurant located at 206 Cherry Tree Ln, Marietta, OH 45750. Built in 2024, the property sits on a 3.79-acre lot and boasts 196 parking spaces. The property benefits from a 15-year absolute NNN lease commencing November 1, 2024, and expiring November 1, 2039, with a corporate guarantee providing significant security. The lease includes four 5-year renewal options and features 10% rental increases every five years, ensuring consistent income growth. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $160,000, resulting in an attractive 5.35% cap rate. The property is zoned C-3 General Commercial and is strategically located across from a Walmart-anchored center, benefiting from high visibility on State Hwy 7 (20,200 vehicles per day) and a strong demographic profile within a 5-mile radius. This is a turnkey investment with zero landlord responsibilities, offering a compelling return on investment with significant long-term potential. The asking price is $2,991,000.

Highlights

  • Brand new 15-year lease, 2024 construction, with corporate guaranty and extension options.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities.
  • Located across from a Walmart-anchored center on State Highway 7 (20,200 vehicles per day).
  • Strong demographics and direct consumer base within a 5-mile radius.

Property Details for 206 Cherry Tree Ln

Property type
Retail properties, Restaurants
Square Feet
7,982 SF
Year Built
2024
Lot Size (sq. ft)
165,092 SF

Location Insight

City
Marietta
County
Washington
State
Ohio
Latitude
39.4062987
Longitude
-81.4133621
206 Cherry Tree Ln, Marietta, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
206 Cherry Tree Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message