28639 Wixom Rd, Wixom, MI 48393-3411

This exceptional investment opportunity presents a brand-new, 5,660 square foot Longhorn Steakhouse, built in 2022, situated on a 1.82-acre lot in Wixom, Michigan. The property boasts an absolute NNN lease with a corporate guarantee from Darden Restaurants (S&P: BBB), providing significant financial security. The lease commenced April 1, 2022, and has a remaining term of 7.4 years, extending to March 31, 2032, with no tenant termination options. The property enjoys a prime location with excellent visibility and accessibility, benefiting from its proximity to I-96, a major thoroughfare with approximately 222,000 combined vehicles per day. This high-traffic area is further enhanced by its position in a dynamic retail corridor anchored by Twelve Oaks Mall and surrounded by a high-density, high-growth demographic. The property's strong location is complemented by its proximity to an employment hub, with 15 million square feet of office and industrial space within a two-mile radius. The current Net Operating Income (NOI) is $165,000, representing a 6.00% cap rate on the asking price of $2,750,000 ($485.87 per square foot). This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant long-term growth potential within the Detroit MSA, a top U.S. market for home price appreciation. 100% occupancy ensures immediate cash flow.