Restaurant
Huddle House
924 City Ave S, Ripley, MS 38663
Listing Price: $903,458
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering for a Huddle House located at 924 City Ave South, in Ripley, MS. The site consists of roughly 1,902 rentable square feet of building space on estimated 1.07-acre parcel of land. This Huddle House is subject to a 5-year absolute triple-net (NNN) lease, which commences upon close of escrow. The proposed annual rent is $67,759 and is scheduled to increase by 2 percent (2.00%) annually.
Listing Price: $903,458
Investment Highlights
- New 5-Year Sale-Leaseback | Absolute Triple Net (NNN) Lease | Seller/Tenant Just Signed 5-Year Franchisee Agreement Extension
- Two Percent (2.0%) Annual Rental Increases
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 15Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive offering for a Huddle House located at 924 City Ave South, in Ripley, MS. The site consists of roughly 1,902 rentable square feet of building space on estimated 1.07-acre parcel of land. This Huddle House is subject to a 5-year absolute triple-net (NNN) lease, which commences upon close of escrow. The proposed annual rent is $67,759 and is scheduled to increase by 2 percent (2.00%) annually.
