333 Highway 15 N - Restaurant FOR SALE


Pontotoc, MS 38863
$825,000 USD
332-345-4222
333 Highway 15 N, Pontotoc, MS for Sale
$825,000 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

333 Highway 15 N
Pontotoc, MS 38863


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 Broker Opinion of Value for a Huddle House located at 333 Mississippi 15, Pontotoc, Mississippi. The site consists of roughly 2,068 rentable square feet of building space on an estimated 0.49-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 $66,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$399 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

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

180D-30-03-007.09

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.