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Huddle House 333 Highway 15 N 2,068 SF Retail Building Pontotoc, MS 38863 $969,796 CAD ($468.95 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Brand with National Recognition
- NN Lease with Landlord-Friendly Structure
- Attractive Rent Increases
- Affordable Price Point
EXECUTIVE SUMMARY
Surmount is pleased to present the Broker Opinion of Value for a Huddle House located at 333 Mississippi 15, Pontotoc, Mississippi. The site consists of roughly 2,068 rentable square feet of building space on an estimated 0.49-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 $66,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,068 SF
Building Class
C
Year Built
1999
Price
$969,796 CAD
Price Per SF
$468.95 CAD
Cap Rate
9.50%
NOI
$92,131 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.49 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 180D-30-03-007.09 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $33,130 CAD |
PROPERTY TAXES
Parcel Number
180D-30-03-007.09
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,130 CAD
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Huddle House | 333 Highway 15 N
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