8200 Highway 178 - Restaurant FOR SALE


Olive Branch, MS 38654
$631,579 USD
408-510-9057
8200 Highway 178, Olive Branch, MS for Sale
$631,579 USD
Restaurant - FOR SALE
1/3
null | 9.5% Cap Rate

8200 Highway 178
Olive Branch, MS 38654


HIGHLIGHTS

  • Located on Old Highway 78, One of the Main Thoroughfares in the Heart of Olive Branch
  • Several Nearby Retailers Such As Home Depot, Lowe’s Walmart Super Center, Camping World, Chick-fil-A, Freddy’s Frozen Custard & Steakburgers
  • Secure Investment Opportunity | Personal Guaranty
  • Brand New 10-Year Triple Net (NNN) Lease Commencing at Closing w/ Zero Landlord Responsibilities
  • Charming, Old-School American Diner Serving a Variety of Hearty Breakfast Options, Delicious Burgers, and a Range of Other Comfort Foods
  • It’s a Beloved Gathering Spot for the Locals, Known for Its Warm Atmosphere and Consistent Quality That Keeps the Community Coming Back

OVERVIEW

Located on Old Highway 78 in the vibrant heart of Olive Branch, this prime investment property offers exceptional prominence and ease of access, situated just minutes from the local airport, prestigious country clubs, golf courses, and a major retail center. The surrounding area features prominent retailers such as Home Depot, Lowe’s, Walmart Supercenter, and Camping World, as well as popular dining establishments like Chick-fil-A and Buffalo Wild Wings. With nearby lodging options including Comfort Suites and Hilton Garden Inn, and essential services from Kroger, the location is well-positioned to attract a steady flow of patrons from both residential and commercial sectors. This investment opportunity includes a brand-new 10-year Triple Net (NNN) lease with zero landlord responsibilities and features rental increases of 10% every five years, including option periods, which ensures steady income growth. The lease terms offer four renewal periods of five years each, potentially extending the lease term to 30 years. The property houses a beloved American diner known for its hearty breakfasts and comfort foods, maintaining a warm and inviting atmosphere that has made it a local favorite. Backed by a personal guaranty from a high-net-worth individual ($5M+), this secure investment benefits from the operational excellence of hands-on owners committed to community engagement and consistent quality.

FOR SALE DETAILS

PRICE

$631,579 USD

PRICE/SF

$266 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Neighborhood Grill | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

M-2

APN/PARCEL ID

1068280000001600

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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