660 Highway 7 S - Restaurant FOR SALE


Holly Springs, MS 38635
$481,200 USD
332-345-4222
660 Highway 7 S, Holly Springs, MS for Sale
$481,200 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

660 Highway 7 S
Holly Springs, MS 38635


HIGHLIGHTS

  • Established National Tenant
  • Attractive 8.00% Cap Rate
  • Built-In Rental Increases
  • Landlord-Friendly NN Lease

OVERVIEW

Surmount is pleased to present the exclusive listing for a Huddle House located at 660 Mississippi 7, Holly Springs, MS 38635. The site consists of roughly 2,072 rentable square feet of building space on an estimated 0.4-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 $38,496 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$481,200 USD

PRICE/SF

$232 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

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

-

APN/PARCEL ID

093M-07-02106

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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

Glen KunofskySurmountMore Info
332-345-4222

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