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Freestanding Restaurant Property For Sale

206 Cherry Tree Ln, Marietta, OH

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For Sale

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

Type:RETAIL

Property size:

7,982 SF

Lot size:

2.89 Acres

Price / SF:

$374/SF

HighLights

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.
Features 4 (5‑year) options to extend the lease.
Texas Roadhouse is a popular and rapidly expanding restaurant chain.

We can help!

Listing Contact

Morgan Zant

Learn more

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

7,982 SF

Lot size:

2.89 Acres

Price / SF:

$374/SF

Added:: Dec 2, 2024
Days on Market:: 559
Last Refresh:: May 20 at 8:16 pm

Property Features for 206 Cherry Tree Ln

General Information

Standard status: Active
Size: 7,982 SF
Lot size: 2.89 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Morgan Zant

Listing agent Matthew Mousavi License #CA 01732226

Listing office SRS Real Estate Partners, LLC

Listing date Dec 2, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners, LLC

HighLights

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.
Features 4 (5‑year) options to extend the lease.
Texas Roadhouse is a popular and rapidly expanding restaurant chain.

Overview

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

Location Insight

Map
Local Demand

City: Marietta
County: Washington
State: Ohio
Longitude: -81.4134
Latitude: 39.4063

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For sale
Restaurants
OH
Marietta
206 Cherry Tree Ln

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.

206 Cherry Tree Ln, Marietta, OH

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

Property Features for 206 Cherry Tree Ln

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Marietta Duplex: Income Potential

Renovated Mixed-Use Income Property

Remodeled Commercial Property with Loading

Car Wash and Storage Facilities

Marietta Retail Building For Lease

Historical Downtown Marietta Investment Opportunity

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