Heller Properties
Listed by Heller Properties
$750,000
HUDDLE HOUSE
Details
APN 14-04-174-000-018.004
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,643
Net Rentable (SqFt) 2,643
Cap Rate 9.63%
NOI $72,252
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 03/31/2027
Remaining Term 0.8
Rent Bumps No
Lease Options 3 FIVE YEAR
Price per SqFt $284
Broker Co-Op Yes
Class B
Year Built 1995
Year Renovated 2012
Buildings 1
Stories 1
Acreage 43560.000
Zoning RES/COM 11
Parking Spaces 25 spaces
Parking Per SqFt 9.46
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Occupancy Date 10/01/2019
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
SUBMIT ALL OFFERS. NNN HUDDLE HOUSE RESTAURANT
Marketing description
Fee Simple investment with 3, five year options to renew. Heavy truck and vechicle traffic as this location is at the entry and exit of the city. Huge portion of the property is empty land and could add to value as truck stop, etc. Building is in very good condition and very popular with the locals. Broker is the owner and sale is subject to a 1031 exchange. Accent Hospitality has not made a decision to renew at this time. Unlimited development opportunity on this large parcel. Please submit all offers.
Investment highlights
Located on major truck traffic location in and out of town. Upgraded in 2012. Very busy restaurant with lots of parking and ripe for re development.
Listing Contacts
Heller Properties
Listed by Heller Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,252.00
$6,021.00/mo
Valuation Metrics
0
DSCR
9.63%
Cap Rate
9.63%
ROI
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