Longhorn Steakhouse 28639 Wixom Rd

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 ZIMMERMANMI License #: 6504411293

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding General Retail Storefront Restaurant
• Building Size    5,660
• Building Class    B
• Year Built    2022
• Price    2,870,000
• Price Per SF    507
• Cap Rate    5.75
• 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.