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Huddle House 1604 S Adams St 2,474 SF Retail Building Fulton, MS 38843 $636,884 ($257.43/SF) 9.50% Cap Rate
Investment Highlights
- Corporate-Backed Lease
- Strong Return Profile
- Long-Term Occupancy with Fixed Increases
- Established Operational History
Executive Summary
Surmount is pleased to present the exclusive listing for a Huddle House located at 1604 S Adams St, Fulton, MS 38843. The site consists of roughly 2,474 rentable square feet of building space on an estimated 0.5-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 $60,504 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,474 SF
Building Class
C
Year Built
2002
Price
$636,884
Price Per SF
$257.43
Cap Rate
9.50%
NOI
$60,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.85 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 091-0101-003.03 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $59,131 |
Property Taxes
Parcel Number
091-0101-003.03
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$59,131
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Huddle House | 1604 S Adams St
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