8200 Ms-178Olive Branch, MS 38654

Property Details for 8200 Ms-178

Lot size

0.37 AC

Property size (Sq ft)

2,371 SF

Property type

Retail properties

Property subtype

Restaurants

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

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