About This Restaurant
Investment Highlights
20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities Corporate Guarantee (275+ Units) 1.50% Annual Rental Increases That Will Continue Through The Base Term And Into The Four (4), Five (5)-Year Tenant Renewal Option Periods
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Huddle House located at 1028 W Beacon Street in Philadelphia, MS. The site consists of roughly 1,847 rentable square feet of building space on estimated 0.54-acre parcel of land. This Huddle House is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting annual rent will be $76,925 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 1,847
- Building Class B
- Year Built 2004
- Price 1,183,456
- Price Per SF 641
- Cap Rate 6.50
- NOI 76,925
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.54 AC
| Date Created: | 2024-07-16 04:16:22 | Last Updated: | 2024-07-16 04:16:22 |
| Address: | 1028 W Beacon St , Philadelphia, Mississippi, 39350 | ||