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Restaurant

Huddle House

299 Sunset Dr, Rome, GA 30161

Listing Price: $827,291

Cap Rate
5.50%
Tenant Name
TEAM Investments
Years Remaining On Lease
16.9
Guarantor
Corporate Guarantee
Rentable SF
1,894
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.02

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Huddle House located at 299 Sunset Drive, Rome, GA. The property consists of 1,894 square feet of building space and is situated on approximately 0.35 acres of land. The Huddle House is subject to an original 20-year triple-net (NNN) lease with 17-years of lease term remaining. The lease features 7.50% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options. The lease features a corporate guaranty from Huddle House, Inc.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.0 Years Remaining
  • Seven and a Half Percent (7.5%) Rental Increases Occurring Every Five (5) Years

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Huddle House

Listing Price: $827,291

Cap Rate
5.50%
Tenant Name
TEAM Investments
Years Remaining On Lease
16.9
Guarantor
Corporate Guarantee
Rentable SF
1,894
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.02

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.0 Years Remaining
  • Seven and a Half Percent (7.5%) Rental Increases Occurring Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Huddle House located at 299 Sunset Drive, Rome, GA. The property consists of 1,894 square feet of building space and is situated on approximately 0.35 acres of land. The Huddle House is subject to an original 20-year triple-net (NNN) lease with 17-years of lease term remaining. The lease features 7.50% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal options. The lease features a corporate guaranty from Huddle House, Inc.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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