For Sale
$750,000
8200 Ms-178 Olive Branch, MS 38654
High-yield diner, 10-year NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- High-visibility location on Old Highway 78 in Olive Branch, MS, a major thoroughfare in the Memphis metro area.
- Prime location near Highway 78, minutes from Memphis International Airport, numerous golf courses, and a large retail center, including Home Depot, Lowe's, Walmart, and various restaurants and hotels.
- Strong tenant base in a mixed-use area with high traffic and visibility.
- Secure, 10-year triple-net (NNN) lease with a personal guaranty from a high-net-worth individual ($5M+).
- Lease includes 10% rent increases every 5 years and four 5-year renewal options, totaling a potential 30-year lease term.
- Established, locally popular American diner with strong community ties and active owner involvement.
Property Details for 8200 Ms-178
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,371 SF
- Lot Size (sq. ft)
- 16,117 SF
Location Insight
- City
- Olive Branch
- County
- DeSoto
- State
- Mississippi
- Latitude
- 34.97505775
- Longitude
- -89.84497791
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield diner, 10-year NNN lease.
- Where is the retail property located?
- The property is located at 8200 Ms-178 Olive Branch, MS.
- What is the asking price?
- The asking price for this property is $750,000.
- What are key features of this property?
- This property features: High-visibility location on Old Highway 78 in Olive Branch, MS, a major thoroughfare in the Memphis metro area.; Prime location near Highway 78, minutes from Memphis International Airport, numerous golf courses, and a large retail center, including Home Depot, Lowe's, Walmart, and various restaurants and hotels.; Strong tenant base in a mixed-use area with high traffic and visibility.
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