2900 Highway 72 W - Restaurant FOR SALE


Corinth, MS 38834
$921,300 USD
332-345-4222
2900 Highway 72 W, Corinth, MS for Sale
$921,300 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

2900 Highway 72 W
Corinth, MS 38834


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 2900 U.S. 72 , Corinth, MS 38834. The site consists of roughly 2,534 rentable square feet of building space on an estimated 0.8-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 $73,704 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$921,300 USD

PRICE/SF

$364 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

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

0802-03-3-04515

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.