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Huddle House 147 Lakewood Dr 1,974 SF Retail Building Batesville, MS 38606 $1,089,368 CAD ($551.86 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Long-Term Passive NNN Lease
- High-Visibility Highway Location
- Strong Built-In Rent Growth
- Established National Brand
Executive Summary
Surmount is pleased to present the exclusive listing for a Huddle House located at 147 Lakewood Drive, Batesville, MS 38606. The site consists of roughly 1,974 rentable square feet of building space on an estimated .85-acre parcel of land. Huddle House is subject to an original 20-year Triple Net (NNN) lease, which commenced April 2020. The current annual rent is $52,138 and has scheduled increases of 7.50% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,974 SF
Building Class
B
Year Built
2001
Price
$1,089,368 CAD
Price Per SF
$551.86 CAD
Cap Rate
6.50%
NOI
$70,810 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.85 AC
Frontage
200’ on Lakewood Dr
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 318240005400-10001002 | Improvements Assessment | $54,534 CAD |
| Land Assessment | $36,138 CAD | Total Assessment | $90,672 CAD |
Property Taxes
Parcel Number
318240005400-10001002
Land Assessment
$36,138 CAD
Improvements Assessment
$54,534 CAD
Total Assessment
$90,672 CAD
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Huddle House | 147 Lakewood Dr
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