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Corp Huddle House | New 5yr Extension 333 Highway 15 N 1,995 SF Retail Building Pontotoc, MS 38863 $1,356,226 CAD ($679.81 CAD/SF) 7.50% Cap Rate

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Investment Highlights

New 5 Year Extension
Dense Retail Corridor | Frontage to 17,000 VPD

NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Established Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Huddle House investment property located in Pontotoc, Mississippi. The tenant, Huddle House recently signed a brand new 5 year extension, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

1,995 SF

Building Class

Year Built

1999

Price

$1,356,226 CAD

Price Per SF

$679.81 CAD

Cap Rate

7.50%

NOI

$101,717 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

0.53 AC

Zoning

Commercial/Retail

Parking

27 Spaces (13.53 Spaces per 1,000 SF Leased)

Dedicated Turn Lane
Pylon Sign

Restaurant

Signage

Signalized Intersection

Accommodation and Food Services
99,999 SF
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Huddle House began in 1964 in Decatur, Georgia, as a neighborhood restaurant built around a place for people to gather after games, and the company began offering franchises in 1966. The company focuses on cooked-to-order homestyle meals and serves breakfast, lunch, dinner, and late-night snacks, with menu offerings that include waffles, burgers, sandwiches, bowls, wraps, homestyle dinners, appetizers, and desserts. Huddle House operates across the Southeast, Mid-Atlantic, Midwest, and Southwest and continues to expand through franchise development, with new agreements and openings in 2024.