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Restaurant

Huddle House

924 City Ave S, Ripley, MS 38663

Listing Price: $903,458

Cap Rate
7.50%
Tenant Name
GateKeeper Ent.
Years Remaining On Lease
4.8
Guarantor
Franchisee Guarantee
Rentable SF
1,902
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.63

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Alexander Doolin

    Licensed Real Estate Salesperson

    (646) 805-1471

    Email Alexander

    License(s): NY: 10401332842, NY: 10401333620

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Restaurant

Huddle House

Listing Price: $903,458

Cap Rate
7.50%
Tenant Name
GateKeeper Ent.
Years Remaining On Lease
4.8
Guarantor
Franchisee Guarantee
Rentable SF
1,902
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.63

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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Alexander Doolin

    Licensed Real Estate Salesperson

    (646) 805-1471

    Email Alexander

    License(s): NY: 10401332842, NY: 10401333620

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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