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Huddle House 1604 S Adams St 2,474 SF Retail Building Fulton, MS 38843 $889,039 CAD ($359.35 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-Backed Lease
- Strong Return Profile
- Long-Term Occupancy with Fixed Increases
- Established Operational History
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Huddle House located at 1604 S Adams St, Fulton, MS 38843. The site consists of roughly 2,474 rentable square feet of building space on an estimated 0.5-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 $60,504 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,474 SF
Building Class
C
Year Built
2002
Price
$889,039 CAD
Price Per SF
$359.35 CAD
Cap Rate
9.50%
NOI
$84,459 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.85 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 091-0101-003.03 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $82,542 CAD |
PROPERTY TAXES
Parcel Number
091-0101-003.03
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$82,542 CAD
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Huddle House | 1604 S Adams St
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