206 Cherry Tree Ln, Marietta, OH 45750
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.