Hooters
Long-Term Corporate Hooters Absolute NNN Lease | 7.50% CAP | Horn Lake, MS
Marketing description
Hooters (the "Property") is a single-tenant net-leased asset strategically located along Goodman Road in Horn Lake, Mississippi—one of DeSoto County’s main commercial thoroughfares. The Property enjoys excellent visibility and access, with nearby national retailers including Walmart Supercenter, Lowe’s, AutoZone, Walgreens, Chick-fil-A, and Kroger, making this a well-trafficked retail corridor.
Built in 2002, the ±4,190 square foot building is situated on a prominent outparcel with strong frontage and convenient ingress/egress. In July 2025, the tenant, Hooters, executed a five-year lease extension, demonstrating ongoing commitment to the location. The lease includes fixed rental increases and is structured as an absolute NNN, offering passive cash flow with no landlord responsibilities.
This offering presents a rare opportunity to acquire a stabilized single-tenant restaurant asset in a dynamic suburban Memphis market, underpinned by long-term corporate tenancy and surrounded by a dense retail and residential base.
Investment highlights
Long-Term Corporate Hooters Lease: Recent 5-year lease extension (executed July 1st, 2025) underscores tenant commitment.
Replaceable Rents: Ability to increase rents should Hooters not renew.
Absolute NNN Lease: Zero landlord responsibilities provide passive investment benefits.
Established Operator & Location: Has operated as a Hooters for over 20 years; strong historical performance.
Dense Retail Corridor: Surrounded by Target, The Home Dept, Walmart, Lowe’s, Walgreens, and Kroger, drawing consistent consumer traffic.
Accessible & Visible: Strong frontage along Goodman Road, one of the area’s primary retail arterials.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
