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

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