206 Cherry Tree Ln - Restaurant FOR SALE


Marietta, OH 45750
$2,991,000 USD
502-442-7074
206 Cherry Tree Ln, Marietta, OH for Sale
$2,991,000 USD
Restaurant - FOR SALE
1/4
null | 5.35% Cap Rate

206 Cherry Tree Ln
Marietta, OH 45750


HIGHLIGHTS

  • Brand New 15-Year Lease | 2024 Construction | Corporate Guaranty Options To Extend | Scheduled Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From Walmart Anchored Center | State Hwy 7 (20,200 VPD)
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

• The tenant, Texas Roadhouse, Inc., recently signed a new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation • The lease is corporate guaranteed (NASDAQ: TXRH) • With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to expand rapidly, as the chain was ranked one of the most popular restaurant chains during the COVID-19 pandemic

FOR SALE DETAILS

PRICE

$2,991,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | New 15yr Corp Abs Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

196

LAND DETAILS

LAND ACRES

3.79 AC

LAND SF

165,092 SF

ZONING

C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.