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    OFF-MARKET
    Retail properties & Spaces

    206 Cherry Tree Ln, Marietta, OH 45750

    7,982 SF 3.79 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2024
    Total area 7,982 SF
    Lot 3.79 ac (165,092 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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