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Huddle House 660 Highway 7 S 2,072 SF Retail Building Holly Springs, MS 38635 $405,221 ($195.57/SF) 9.50% Cap Rate
Investment Highlights
- Established National Tenant
- Built-In Rental Increases
- Attractive 8.00% Cap Rate
- Landlord-Friendly NN Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Huddle House located at 660 Mississippi 7, Holly Springs, MS 38635. The site consists of roughly 2,072 rentable square feet of building space on an estimated 0.4-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 $38,496 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,072 SF
Building Class
C
Year Built
1998
Price
$405,221
Price Per SF
$195.57
Cap Rate
9.50%
NOI
$38,496
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.40 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 093M-07-02106 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $52,274 |
Property Taxes
Parcel Number
093M-07-02106
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$52,274
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Huddle House | 660 Highway 7 S
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