Huddle House
Philadelphia, MS
Key Details
| Price: | $1,139,630 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $76,925 |
| Address: | 1028 West Beacon Street, Philadelphia, Mississippi 39350 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 7.50% Every 5 Years |
| Lot Size: | 0.54 Acres |
| Building Size: | 1,847 SF |
| Year Built: | 2004 |
NNN Pro is pleased to present the exclusive listing for a Huddle House located at 1028 West Beacon Street, Philadelphia, Mississippi 39350. The site consists of roughly 1847 rentable square feet of building space on an estimated 0.54-acre parcel of land. This Huddle House is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $76,925 and has scheduled increases of 7.50% Every 5 Years.
About the Investment
- 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
- 1.50% Annual Rental Increases That Will Continue Through The Base Term And Into The Four (4), Five (5)-Year Tenant Renewal Option Periods
- Corporate Guarantee (275+ Units)
Key Details
| Price: | $1,139,630 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $76,925 |
| Address: | 1028 West Beacon Street, Philadelphia, Mississippi 39350 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 7.50% Every 5 Years |
| Lot Size: | 0.54 Acres |
| Building Size: | 1,847 SF |
| Year Built: | 2004 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Robert Stein
rstein@nnnpro.com
License: NY: 10401341647
Davis Ford
dford@nnnpro.com
License: NY: 10401379279
Broker of Record
Brian Brockman
Bang Realty of Mississippi, Inc
License: 21542
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.