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)

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Edward Otocka

eotocka@nnnpro.com
License: NY: 10401298466
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Robert Stein

rstein@nnnpro.com
License: NY: 10401341647
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Davis Ford

dford@nnnpro.com
License: NY: 10401379279

Broker of Record

Brian Brockman

Bang Realty of Mississippi, Inc
License: 21542
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.