147 Lakewood Dr - Restaurant FOR SALE


Batesville, MS 38606
$802,115 USD
917-697-3215
147 Lakewood Dr, Batesville, MS for Sale
$802,115 USD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

147 Lakewood Dr
Batesville, MS 38606


HIGHLIGHTS

  • Long-Term Passive NNN Lease
  • Strong Built-In Rent Growth
  • High-Visibility Highway Location
  • Established National Brand

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$802,115 USD

PRICE/SF

$264 USD /SF

CAP RATE

6.5%

% 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

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

318240005400-10001002

ASK ABOUT THIS PROPERTY

Anthony BirdSurmountMore Info
917-697-3215

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Anthony BirdSurmountMore Info
917-697-3215

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