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Huddle House 1028 W Beacon St

2,591 SF Retail Building Philadelphia, MS 39350 $1,615,391 CAD ($623 CAD/SF) 6.75% Cap Rate

Restaurants Mississippi Philadelphia 1028 W Beacon St, Philadelphia, MS 39350

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,591 SF
Building Class
B
Year Built
2004
Price
$1,615,391 CAD
Price Per SF
$623 CAD
Cap Rate
6.75%
NOI
$109,038 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.54 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
90 ft on West Beacon Street
1 of 1
1028 W Beacon St, Philadelphia, MS - aerial map view

PROPERTY TAXES

Parcel Number 05226D-00A-037.001 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $8,454 CAD

PROPERTY TAXES

Parcel Number
05226D-00A-037.001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,454 CAD
(332) 345-4222

  • Listing ID: 30042369

  • Date on Market: 2023-11-13

  • Last Updated:

  • Address: 1028 W Beacon St, Philadelphia, MS 39350

The Retail Property at 1028 W Beacon St, Philadelphia, MS 39350 is currently available For Sale. Contact NNN Pro Group for more information.

Nearby Listings

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1028 W Beacon St, Philadelphia, MS for sale Building Photo- Image 1 of 3
Huddle House pic 1 1028 west
1028 W Beacon St, Philadelphia, MS for sale Aerial- Image 2 of 3
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Huddle House | 1028 W Beacon St
(332) 345-4222 x

Huddle House | 1028 W Beacon St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(203) 253-9455

(203) 253-9455

Robert Stein

(973) 970-0597

(973) 970-0597

Davis Ford

(332) 345-1035

(332) 345-1035

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