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Turnkey Restaurant for Sale
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1027 Oakwood Drive, Milan, TN 38358

Turnkey restaurant business for sale at 1027 Oakwood Drive, Milan, presented with established operations and systems.

Property Size6,964 SF
Price / SF$251.29
Days on Market58

Property Features for 1027 Oakwood Drive

General Information

Standard status Active
Size 6,964 SF
Property subtype Business for Sale, Retail

Additional Details

Business Included Yes

Building Details

Year Built 1986
Listing Agency: Crye-Leike Elite Realtors
Listed By: Brently Smith · License #374279
Source: Crexi
Added: Jun 10 Changed: Jul 10 Last Checked: Aug 6 at 12:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Elite Realtors

Investment Insights

Based on property information with market context.

This offering presents a turnkey restaurant business described as well-established and locally loved, with established systems and a welcoming atmosphere. The public remarks note strong name recognition and an outstanding reputation for quality and service, built over decades. The current owner is offering the opportunity as they prepare to retire, allowing a new owner to assume the existing operation and continue the established approach.

The property is located at 1027 Oakwood Drive in Milan, Tennessee. It is positioned as a community-serving restaurant within the local area, with the business presented as having a long-standing customer following that spans generations.

For buyers, this format may suit an experienced restaurateur looking to step into an operating concept or an entrepreneur seeking a restaurant business with a long operating history and established goodwill. The emphasis in the remarks is on continuity—taking over an existing, working restaurant rather than building from scratch. Interested parties can contact Chris or Brent for additional details about the operation and the terms of the sale.

Key Highlights

  • Turnkey restaurant business for sale at 1027 Oakwood Drive, Milan, TN
  • Year built listed as 1986
  • Restaurant described as well‑established with operations and systems in place

Property Analytics

Current Use

Hig's Restaurant Restaurant

Suggested Use

Top Pick Kitchen & Bath Showroom Storage Facility Bakery Garden Center Electrical Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby
107k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 50% Home Improvements & Furnishings 23% Shops & Services 18% Groceries 4%
McDonald's Dining
21,906 visits/mo 0.2 miles
Wendy's Dining
19,591 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
16,180 visits/mo 0.2 miles
Exxon Shops & Services
11,580 visits/mo 0.5 miles
Dollar General Shops & Services
7,747 visits/mo 0.4 miles

Demographics for 38358, TN

12,153
Population
5,113
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
82.7 sq mi
ZIP Area
147
Density / Sq Mi
$65,537
Median Household Income
$39,429
Median Earnings
$808
Median Rent
$157,900
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • China House 6066 B, S 1st St, Milan, TN 38358

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey restaurant business for sale at 1027 Oakwood Drive, Milan, presented with established operations and systems.
Where is this conventional restaurant located?
The property is located at 1027 Oakwood Drive Milan, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turnkey restaurant business for sale at 1027 Oakwood Drive, Milan, TN; Year built listed as 1986; Restaurant described as well‑established with operations and systems in place
(731) 571-8993 Call to check price and availability
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