Huddle House
Retail | 9.50% CAP | 2,049 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Huddle House located at 1203 North 2nd Street, Booneville, Mississippi 38829. The site consists of roughly 2,049 rentable square feet of building space on an estimated 0.78-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 $40,704 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Established Brand with National Recognition | Huddle House is a well-known, full-service restaurant brand with locations across the Southeast. Its 60-year track record of community-oriented diners adds long-term value and familiarity to the property.
Attractive Rent Increases | The lease includes 10% rental increases every 5 years, providing built-in rent growth and a hedge against inflation for investors.
NN Lease with Landlord-Friendly Structure | The double net (NN) lease structure requires the tenant to cover all expenses except for roof and structure, minimizing landlord responsibilities while offering steady income.
Affordable Price Point | With an asking price of $428,463 and a current rent of $40,704, the offering delivers an attractive 8.00% cap rate, making it a compelling entry-level or diversification asset for investors.
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