Huddle House
Retail | 9.50% CAP | 2,474 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Huddle House located at 1604 S Adams St, Fulton, MS 38843. The site consists of roughly 2,474 rentable square feet of building space on an estimated 0.5-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 $60,504 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Corporate-Backed Lease | The property is leased to Huddle House, Inc. on a corporate-guaranteed basis, offering investors security through a stable and established national brand.
Long-Term Occupancy with Fixed Increases | The 15-year Double Net (NN) lease began in 2016 and includes 10% rental increases every five years, providing reliable income growth and long-term occupancy.
Strong Return Profile | With a listed price of $636,884 and an NOI of $60,504, the investment offers an attractive 8.00% cap rate, ideal for cash-focused investors seeking solid returns.
Established Operational History | Operating since 2016, the tenant has demonstrated long-term commitment to this location, reinforcing confidence in continued performance and lease stability.
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