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86 W 14 Mile Rd
Troy, MI 48083
LongHorn Steakhouse - Troy, MI · Retail Property For Sale
Investment Highlights
- DARDEN RESTAURANTS (NYSE: DRI) CORPORATE LEASE: Darden Restaurant Inc is the world’s largest full service restaurant company.
- ABSOLUTE NNN GROUND LEASE –ZERO LL RESPONSIBILITIES
- EXCELLENT ACCESS/VISIBILITY: The site is just off of the I-75 interchange.
- NEW CONSTRUCTION: LongHorn is currently under construction at the site of a former Logan’s Steakhouse.
- HIGH PROFILE TRADE AREA
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,329 SF
Building Class
B
Year Built
2022
Price
$5,124,142 CAD
Price Per SF
$615.22 CAD
Cap Rate
5.75%
NOI
$294,638 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.67 AC
Zoning
LEASHLD
Parking
45 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 20-35-400-041 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $858,004 CAD |
Property Taxes
Parcel Number
20-35-400-041
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$858,004 CAD
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