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Huddle House 2900 Highway 72 W 2,534 SF Retail Building Corinth, MS 38834 $775,831 ($306.17/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 2900 U.S. 72 , Corinth, MS 38834. The site consists of roughly 2,534 rentable square feet of building space on an estimated 0.8-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 $73,704 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,534 SF
Building Class
C
Year Built
2000
Price
$775,831
Price Per SF
$306.17
Cap Rate
9.50%
NOI
$73,704
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0802-03-3-04515 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $47,952 |
PROPERTY TAXES
Parcel Number
0802-03-3-04515
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$47,952
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Huddle House | 2900 Highway 72 W
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