Offering Memorandum
Investment Sale
Chipotle & Longhorn Steakhouse
28639 Wixom Rd
Wixom, Michigan
Wixom, Michigan
eCode:035i
Sales Price
$6,666,000
NOI
$310,000
Cap Rate
4.65%
Building Size
Chipotle: 2,400 SF
Longhorn Steakhouse: 5,660 SF
Lot Size
Chipotle: 1.36 AC
Longhorn Steakhouse: 1.82 AC
Year Built
Chipotle: 2023 (Under Construction)
Longhorn Steakhouse: 2022
Traffic Count
I-96 (144,053 CPD)
Wixom Rd (30,232 CPD)
Highlights
- Brand New Development/New Prototype Buildings
- Excellent Credit/Company Growth
- Emerging Wixom/I-96 Retail Corridor
- Long Term Leases – Passive Investment
- Strong Demographics
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 1,909 | 40,914 | 109,315 |
| Household Income | $74,720 | $95,641 | $110,485 |
| Daytime Pop | 8,477 | 43,783 | 75,312 |
SIMILAR PROPERTIES
Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Florence, Kentucky
Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan
Unpriced | 83,964 SF
Taylor, Michigan
Unpriced | 83,964 SF
