206 Cherry Tree Ln Marietta, OH 45750
- Retail properties
- 7,982 SF
- 3.79 lot acres
Current Use by Public Records
- Retail properties
Property Details for 206 Cherry Tree Ln
- Year built
- 2024
- Lot size
- 3.79 lot acres
- Property size
- 7,982 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marietta
- County
- Washington
- State
- Ohio
- Longitude
- -81.4134
- Latitude
- 39.4063
