8637 US Highway 51 N - Restaurant FOR SALE


Millington, TN 38053
$2,700,000 USD
310-620-8761
8637 US Highway 51 N, Millington, TN for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/5
null | 5% Cap Rate

8637 US Highway 51 N
Millington, TN 38053


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this newly constructed Longhorn Steakhouse in Millington (Memphis MSA), TN. The ground lease opportunity features a corporate-backed, 10-year commitment from Longhorn with four (4) 5-year options and a 10% rental increase every 5 years. The asset sits at a hard corner and is a direct outlet to Forked River Commons, a brand-new 160,000 SF power center.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longhorn Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.34 AC

LAND SF

842,515 SF

ZONING

-

APN/PARCEL ID

M0-105-0-0091C

ASK ABOUT THIS PROPERTY

Zack HilgendorfAtlantic Capital PartnersMore Info
310-620-8761

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Zack HilgendorfAtlantic Capital PartnersMore Info
310-620-8761

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.