1028 W Beacon St - Restaurant FOR SALE


Philadelphia, MS 39350
$1,139,630 USD
332-345-4222
1028 W Beacon St, Philadelphia, MS for Sale
$1,139,630 USD
Restaurant - FOR SALE
1/2
null | 6.75% Cap Rate

1028 W Beacon St
Philadelphia, MS 39350


HIGHLIGHTS

  • 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • 1.50% Annual Rental Increases That Will Continue Through The Base Term And Into The Four (4), Five (5)-Year Tenant Renewal Option Periods
  • Corporate Guarantee (275+ Units)

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Huddle House located at 1028 W Beacon Street in Philadelphia, MS. The site consists of roughly 1,847 rentable square feet of building space on estimated 0.54-acre parcel of land. This Huddle House is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting annual rent will be $76,925 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,139,630 USD

PRICE/SF

$440 USD /SF

CAP RATE

6.75%

% 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

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

05226D-00A-037.001

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.