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Huddle House 147 Lakewood Dr 1,974 SF Retail Building Batesville, MS 38606 $802,115 ($406.34/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Passive NNN Lease
- High-Visibility Highway Location
- Strong Built-In Rent Growth
- Established National Brand
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Huddle House located at 147 Lakewood Drive, Batesville, MS 38606. The site consists of roughly 1,974 rentable square feet of building space on an estimated .85-acre parcel of land. Huddle House is subject to an original 20-year Triple Net (NNN) lease, which commenced April 2020. The current annual rent is $52,138 and has scheduled increases of 7.50% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,974 SF
Building Class
B
Year Built
2001
Price
$802,115
Price Per SF
$406.34
Cap Rate
6.50%
NOI
$52,138
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.85 AC
Frontage
200’ on Lakewood Dr
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 318240005400-10001002 | Improvements Assessment | $31,322 |
| Land Assessment | $26,609 | Total Assessment | $57,931 |
PROPERTY TAXES
Parcel Number
318240005400-10001002
Land Assessment
$26,609
Improvements Assessment
$31,322
Total Assessment
$57,931
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Huddle House | 147 Lakewood Dr
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