Offering Memorandum

Investment Sale

Longhorn Steakhouse

86 W 14 Mile Rd
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
219 Jari Dr
Johnstown, Pennsylvania

$4,814,457 | 19,200 SF
Multi-Tenant
2951-2963 Navarre Ave
Oregon, Ohio

$5,963,586 | 15,233 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan

Unpriced | 78,058 SF
Single-Tenant
3392 E Beltline Ave NE
Grand Rapids, Michigan

$4,428,571 | 10,000 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement