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Longhorn Steakhouse 28639 Wixom Rd

5,066 SF 100% Leased Retail Building Wixom, MI 48393 $2,750,000 ($543/SF) 6% Cap Rate

Restaurants Michigan Wixom 28639 Wixom Rd, Wixom, MI 48393

Investment Highlights

  • BRAND NEW CONSTRUCTION | ABSOLUTE NNN LEASE
  • IMMEDIATE ACCESS TO I-96 | ± 222,000 COMBINED VPD
  • DYNAMIC RETAIL CORRIDOR | TWELVE OAKS MALL
  • CORPORATE GUARANTEE FROM DARDEN RESTAURANTS | (S&P: BBB)
  • HIGH DENSITY AND GROWTH DEMOGRAPHICS
  • NO TERMINATION OPTIONS

Executive Summary

In association with:
KRISTEN ZIMMERMAN
MI License #: 6504411293

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,066 SF
Building Class
B
Year Built
2022
Price
$2,750,000
Price Per SF
$543
Cap Rate
6%
NOI
$165,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Land Acres
3.18 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

1 of 1

Nearby Major Retailers

Teriyaki Madness
ALDI
Chase Bank
Fifth Third Bank
Meijer
Huntington National Bank
Starbucks
Applebee's
Bank of America
Kroger

PROPERTY TAXES

Parcel Number 22-07-426-017 Improvements Assessment $0
Land Assessment $0 Total Assessment $70,360

PROPERTY TAXES

Parcel Number
22-07-426-017
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$70,360
  • William Brooks
    William Brooks
  • Camille Renshaw
    Camille Renshaw
  • Scott Scurich
    Scott Scurich
(917) 451-1256 x119

  • Listing ID: 31601413

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 28639 Wixom Rd, Wixom, MI 48393

More public record information on 28639 Wixom Rd, Wixom, MI 48393

The Retail Property at 28639 Wixom Rd, Wixom, MI 48393 is currently available For Sale. Contact B + E for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Longhorn Steakhouse | 28639 Wixom Rd
(917) 451-1256 x 119

Longhorn Steakhouse | 28639 Wixom Rd

1/3

William Brooks

(917) 451-1256

x119

(917) 451-1256 x119

Camille Renshaw

(646) 770-0659

(646) 770-0659

Scott Scurich

(646) 770-0659

x115

(646) 770-0659 x115

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