1604 S Adams St - Restaurant FOR SALE


Fulton, MS 38843
$756,300 USD
332-345-4222
1604 S Adams St, Fulton, MS for Sale
$756,300 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

1604 S Adams St
Fulton, MS 38843


HIGHLIGHTS

  • Corporate-Backed Lease
  • Long-Term Occupancy with Fixed Increases
  • Strong Return Profile
  • Established Operational History

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$756,300 USD

PRICE/SF

$306 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

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

091-0101-003.03

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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