8200 Ms-178Olive Branch, MS 38654
- Retail properties
- 2,371 SF
Property Details for 8200 Ms-178
- Lot size
- 0.37 AC
- Property size (Sq ft)
- 2,371 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a 2,371 sq ft restaurant on a 0.37-acre lot in Olive Branch, MS (APN: 1-06-8-28-00-0-00016-00). Located on Old Highway 78, this property boasts high visibility and convenient access, minutes from the airport, country clubs, golf courses, and a major retail center. The area features prominent retailers like Home Depot, Lowe's, Walmart, and Camping World, along with popular dining options such as Chick-fil-A and Buffalo Wild Wings. Nearby hotels and Kroger further enhance the location's appeal. The property is currently 100% occupied by a well-established American diner under a brand-new 10-year Triple Net (NNN) lease with zero landlord responsibilities. The lease includes a 10% rent increase every five years and four 5-year renewal options, potentially extending the lease to 30 years. The diner is known for its hearty breakfasts and comfortable atmosphere, making it a local favorite. This sale-leaseback opportunity offers an 8% cap rate and a strong NOI of $60,000, 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. The property is part of the Memphis MSA, a key contributor to the Mid-South's economic and cultural landscape.
Location Insight
- City
- Olive Branch
- County
- DeSoto
- State
- Mississippi
- Latitude
- 34.9751
- Longitude
- -89.845
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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