Marietta - NNN - Resturant

724 Cherokee Street NE sits in Marietta's medical corridor, about one mile north of Downtown Marietta and the Historic Marietta Square. The property is just north of Wellstar Kennestone Regional Medical Center, one of the largest and busiest healthcare campuses in the Southeast. Kennestone has more than 630 beds and is an ACS-verified Level I Trauma Center. Its Emergency Department is the largest in Georgia and sees more than 147,000 patients a year. Hospital staff, patients, visitors, and the surrounding medical offices create steady daytime demand all week. Cherokee Street is one of Marietta's main north–south commercial routes. It links Downtown Marietta to the Canton Road corridor and areas north. The signalized intersection of Cherokee Street, Church Street, and Tower Road nearby carries more than 60,000 vehicles per day. National and regional retailers, restaurants, and medical users line the corridor, and CobbLinc bus service runs along Cherokee Street. The property is in Cobb County, one of the largest and most established counties in metro Atlanta, with an estimated 793,345 residents in 2025. Interstate 75, the Marietta Square, and the Kennesaw and Cumberland submarkets are all a short drive away. The site benefits from a healthcare employment base, steady traffic, and the growth of one of the region's strongest suburban markets.SVN | Second Story is pleased to present 724 Cherokee Street NE, a 100% leased, income-producing restaurant investment in Marietta's medical corridor, about one mile north of Downtown Marietta and the Historic Square. The ±6,222 SF, two-level building sits on about 0.4 acres with on-site parking (Cobb County Parcel 16107400400). The whole building is leased to Ike's Café & Grill, an established West African restaurant brand that started in Norcross in 2013. The tenant has two separate triple-net leases, one for each 3,111 SF floor: Upper Level ("Canvas Space"): A full-service restaurant with alcohol sales. The initial term runs through March 31, 2031. The lease includes a scheduled $10/SF rent increase early in the term, then 3% annual increases. Lower Level: A ghost kitchen and to-go operation. The initial term runs through June 15, 2030, with 3% annual increases. Each lease includes two five-year renewal options at 3% annual increases and a personal guaranty. The tenant reimburses common area maintenance, taxes, and insurance (starting at $6.30/SF) and pays all utilities, so the landlord has limited management responsibility. The property is a short distance from Wellstar Kennestone Regional Medical Center. Kennestone is a 630+ bed, Level I Trauma Center with the largest emergency department in Georgia, which brings steady daytime traffic from hospital staff, patients, and visitors. Cherokee Street is one of Marietta's main commercial routes, connecting Downtown Marietta to the Canton Road corridor, with I-75 a short drive away.