For Sale
$2,991,000

206 Cherry Tree Ln Marietta, OH 45750

High-yield NNN leased restaurant investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - High-yield NNN leased restaurant investment.
Where is the retail property located?
The property is located at 206 Cherry Tree Ln Marietta, OH.
What is the asking price?
The asking price for this property is $2,991,000.
What are key features of this property?
This property features: 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).
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.
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206 Cherry Tree Ln
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