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Corp Huddle House | New 5yr Extension 333 Highway 15 N 1,995 SF Retail Building Pontotoc, MS 38863 $968,000 ($485.21/SF) 7.50% Cap Rate
Investment Highlights
- New 5 Year Extension
- Dense Retail Corridor | Frontage to 17,000 VPD
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Established Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Huddle House investment property located in Pontotoc, Mississippi. The tenant, Huddle House recently signed a brand new 5 year extension, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,995 SF
Building Class
C
Year Built
1999
Price
$968,000
Price Per SF
$485.21
Cap Rate
7.50%
NOI
$72,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.53 AC
Zoning
Commercial/Retail
Parking
27 Spaces (13.53 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Huddle House began in 1964 in Decatur, Georgia, as a neighborhood restaurant built around a place for people to gather after games, and the company began offering franchises in 1966. The company focuses on cooked-to-order homestyle meals and serves breakfast, lunch, dinner, and late-night snacks, with menu offerings that include waffles, burgers, sandwiches, bowls, wraps, homestyle dinners, appetizers, and desserts. Huddle House operates across the Southeast, Mid-Atlantic, Midwest, and Southwest and continues to expand through franchise development, with new agreements and openings in 2024.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 180D-30-03-007.09 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $23,591 |
Property Taxes
Parcel Number
180D-30-03-007.09
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$23,591
Contacts
-
Gary Chou -
Matt Coates -
Calvin Short -
Aron Cline -
Sabrina Sapienza -
SRS National Net Lease
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