Offering Memorandum

Investment Sale

Chipotle & Longhorn Steakhouse

28703 & 28639 Wixom Rd
Wixom, Michigan

eCode:035i

Sales Price

$5,996,131

NOI

$310,000

Cap Rate

5.17%

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
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
MICHIGAN, FLORIDA, ILLINOIS, INDIANA,
VIRGINIA, MISSOURI, North Carolina

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Multi-Tenant
1143-1161 Williams Reserve Blvd
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$5,119,252 | 45,525 SF
Single-Tenant
408 W Maumee St
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$1,732,143 | 19,833 SF
Multi-Tenant
4025 24th Ave
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$10,200,000 | 86,923 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement