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206 Cherry Tree Ln Marietta, OH 45750

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For Sale
$2,991,000

Freestanding restaurant property with a long-term corporate guaranteed lease.

Property size:
7,982 SF
Lot size:
2.89 Acres

Property Features for 206 Cherry Tree Ln

General Information

Size
7,982 SF
Lot size
2.89 Acres

Source: SRS Real Estate Partners, LLC Agent Morgan Zant

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Freestanding Restaurant Property For Sale

This freestanding property is leased to Texas Roadhouse, Inc. The tenant recently signed a new 15-year lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and option periods. The lease is corporate guaranteed (NASDAQ: TXRH). Texas Roadhouse stock price has increased over 100% throughout the last 5 years, and the chain was ranked one of the most popular restaurant chains during the COVID-19 pandemic. The property contains 7,982 square feet of space.
Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Marietta
County
Washington
State
Ohio
Longitude
-81.413369
Latitude
39.4062853

FAQs

What type of property is this?
Restaurant - Freestanding restaurant property with a long-term corporate guaranteed lease.
Where is this restaurant 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: - New 15-year lease with Texas Roadhouse, Inc.; - Corporate guaranteed lease (NASDAQ: TXRH).; - 10% rental increases every 5 years provide a growing NOI and hedge against inflation.
More about this property
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