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
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement