982 Goodman Rd W - Restaurant FOR SALE


Horn Lake, MS 38637
$2,254,483 USD
214-392-3787
982 Goodman Rd W, Horn Lake, MS for Sale
$2,254,483 USD
Restaurant - FOR SALE
1/9
null | 7.25% Cap Rate

982 Goodman Rd W
Horn Lake, MS 38637


HIGHLIGHTS

  • Long-Term Corporate Hooters Lease: Recent 5-year lease extension (executed July 1st, 2025) underscores tenant commitment.
  • Replaceable Rents: Ability to increase rents should Hooters not renew.
  • Absolute NNN Lease: Zero landlord responsibilities provide passive investment benefits.
  • Established Operator & Location: Has operated as a Hooters for over 20 years; strong historical performance.
  • Dense Retail Corridor: Surrounded by Target, The Home Dept, Walmart, Lowe’s, Walgreens, and Kroger, drawing consistent consumer traffic.
  • Accessible & Visible: Strong frontage along Goodman Road, one of the area’s primary retail arterials.

OVERVIEW

Hooters (the "Property") is a single-tenant net-leased asset strategically located along Goodman Road in Horn Lake, Mississippi—one of DeSoto County’s main commercial thoroughfares. The Property enjoys excellent visibility and access, with nearby national retailers including Walmart Supercenter, Lowe’s, AutoZone, Walgreens, Chick-fil-A, and Kroger, making this a well-trafficked retail corridor. Built in 2002, the ±4,190 square foot building is situated on a prominent outparcel with strong frontage and convenient ingress/egress. In July 2025, the tenant, Hooters, executed a five-year lease extension, demonstrating ongoing commitment to the location. The lease includes fixed rental increases and is structured as an absolute NNN, offering passive cash flow with no landlord responsibilities. This offering presents a rare opportunity to acquire a stabilized single-tenant restaurant asset in a dynamic suburban Memphis market, underpinned by long-term corporate tenancy and surrounded by a dense retail and residential base.

FOR SALE DETAILS

PRICE

$2,254,483 USD

PRICE/SF

$582 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hooters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-4

APN/PARCEL ID

1087251200000100

ASK ABOUT THIS PROPERTY

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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

Brandon BeesonEDGE Capital MarketsMore Info
214-392-3787

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