Offering Memorandum

Investment Sale

Chipotle & Longhorn Steakhouse

28639 Wixom Rd
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
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement