Huddle House
Retail | 6.50% CAP | 1,974 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Huddle House located at 147 Lakewood Drive, Batesville, MS 38606. The site consists of roughly 1,974 rentable square feet of building space on an estimated .85-acre parcel of land. Huddle House is subject to an original 20-year Triple Net (NNN) lease, which commenced April 2020. The current annual rent is $52,138 and has scheduled increases of 7.50% Every 5 Years.
Investment highlights
Long-Term Passive NNN Lease | Original 20-year absolute NNN lease with no landlord responsibilities and reliable income stability.
Strong Built-In Rent Growth | Scheduled 7.50% rent increases every 5 years enhance long-term returns and NOI growth.
High-Visibility Highway Location | Positioned just off US Hwy 278 and I-55, benefitting from 27,000+ vehicles per day.
Established National Brand | Corporate Guaranty | Huddle House operates 290+ locations, offering reliable performance in rural and college markets.
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