1203 N 2nd St - Restaurant FOR SALE


Booneville, MS 38829
$508,800 USD
332-345-4222
1203 N 2nd St, Booneville, MS for Sale
$508,800 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

1203 N 2nd St
Booneville, MS 38829


HIGHLIGHTS

  • Established Brand with National Recognition
  • Attractive Rent Increases
  • NN Lease with Landlord-Friendly Structure
  • Affordable Price Point

OVERVIEW

Surmount is pleased to present the exclusive listing for a Huddle House located at 1203 North 2nd Street, Booneville, Mississippi 38829. The site consists of roughly 2,049 rentable square feet of building space on an estimated 0.78-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 $40,704 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$508,800 USD

PRICE/SF

$248 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huddle House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

-

APN/PARCEL ID

060213-04-00802

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.