333 Highway 15 N - Restaurant FOR SALE


Pontotoc, MS 38863
$968,000 USD
949-506-2012
333 Highway 15 N, Pontotoc, MS for Sale
$968,000 USD
Restaurant - FOR SALE
1/8
null | 7.5% Cap Rate

333 Highway 15 N
Pontotoc, MS 38863


HIGHLIGHTS

  • New 5 Year Extension
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Dense Retail Corridor | Frontage to 17,000 VPD
  • Established Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Huddle House investment property located in Pontotoc, Mississippi. The tenant, Huddle House recently signed a brand new 5 year extension, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$968,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Huddle House | New 5yr Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Commercial/Retail

APN/PARCEL ID

180D-30-03-007.09

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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