Offering Memorandum
Investment Sale
Longhorn Steakhouse
86 W 14 Mile Rd
Troy, Michigan
Troy, Michigan
eCode:015i
Sales Price
$3,739,131
NOI
$215,000
Cap Rate
5.75%
Building Size
8,329 SF
Lot Size
1.67 AC
Year Built
2022
Traffic Count
W 14 Mile Rd (43,300 CPD)
John R Rd (19,860 CPD)
Highlights
- Darden Restaurants (NYSE: DRI) Corporate Lease
- New Construction
- Absolute NNN Ground Lease
- High Profile Trade Area
- Excellent Access/Visibility
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 7,496 | 115,255 | 298,178 |
| Household Income | $53,518 | $86,725 | $96,310 |
| Daytime Pop | 24,988 | 96,396 | 234,545 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF