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Huddle House 1203 N 2nd St 2,049 SF Retail Building Booneville, MS 38829 $428,463 ($209.11/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Brand with National Recognition
- NN Lease with Landlord-Friendly Structure
- Attractive Rent Increases
- Affordable Price Point
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Huddle House located at 1203 North 2nd Street, Booneville, Mississippi 38829. The site consists of roughly 2,049 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Huddle House is subject to a 15-year Double Net (NN) lease, which commenced 8/31/2016. The current annual rent is $40,704 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,049 SF
Year Built
2003
Price
$428,463
Price Per SF
$209.11
Cap Rate
9.50%
NOI
$40,704
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Parking
27 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
96’ on North 2nd Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060213-04-00802 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $45,305 |
PROPERTY TAXES
Parcel Number
060213-04-00802
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$45,305
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Huddle House | 1203 N 2nd St
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