Restaurant

Huddle House - Grayson, KY

200 KY-1947, Grayson, KY 41143

Listing Price: $729,000

Cap Rate
7.00%
Tenant Name
Huddle House
Years Remaining On Lease
20.0
Gross SF
3,069
Guarantor
Franchisee Guarantee
Rentable SF
3,069
Price/Gross SF
$237.54
Lease Type
Absolute Net
Rent Per Square Feet
$16.63

Investment Overview

Marcus & Millichap is pleased to present the Huddle House located at 200 KY-1947, Grayson, KY 41143. The property consists of a 3,069 square foot building situated on roughly 0.36 acres of land. This is a Sale-leaseback Investment, and Huddle House will execute a new Twenty (20)-year lease at closing. The lease is absolute-net (NNN), providing zero landlord obligations and 1.25% annual rent increases starting year six and 7.50% increase before each option. Huddle House is well positioned along one of the main retail corridors with exceptional visibility to over 8,400 vehicles per day.

Huddle House is located off of Interstate 64 with over 21,100 vehicles per day. The property is located near multiple schools, including Kentucky Christian University, with over 1,200+ students. There are multiple national tenants within proximity to Huddle House, including Ralphs, Tractor Supply Co, Advance Auto Parts, Dollar General, and more.

Investment Highlights

  • 20-Year Absolute Net (NNN) Lease | Zero Landlord Responsibilities
  • 1.25% Annual Rent Increases Starting Year 6 | 3, 5 Year Renewal Options | 7.50% Incre
  • Franchisee Guarantee With Six-(6) Total Units | Healthy Rent to Sales Ratio

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Restaurant

Huddle House - Grayson, KY

Listing Price: $729,000

Cap Rate
7.00%
Tenant Name
Huddle House
Years Remaining On Lease
20.0
Gross SF
3,069
Guarantor
Franchisee Guarantee
Rentable SF
3,069
Price/Gross SF
$237.54
Lease Type
Absolute Net
Rent Per Square Feet
$16.63

Investment Highlights

  • 20-Year Absolute Net (NNN) Lease | Zero Landlord Responsibilities
  • 1.25% Annual Rent Increases Starting Year 6 | 3, 5 Year Renewal Options | 7.50% Incre
  • Franchisee Guarantee With Six-(6) Total Units | Healthy Rent to Sales Ratio

Investment Overview

Marcus & Millichap is pleased to present the Huddle House located at 200 KY-1947, Grayson, KY 41143. The property consists of a 3,069 square foot building situated on roughly 0.36 acres of land. This is a Sale-leaseback Investment, and Huddle House will execute a new Twenty (20)-year lease at closing. The lease is absolute-net (NNN), providing zero landlord obligations and 1.25% annual rent increases starting year six and 7.50% increase before each option. Huddle House is well positioned along one of the main retail corridors with exceptional visibility to over 8,400 vehicles per day.

Huddle House is located off of Interstate 64 with over 21,100 vehicles per day. The property is located near multiple schools, including Kentucky Christian University, with over 1,200+ students. There are multiple national tenants within proximity to Huddle House, including Ralphs, Tractor Supply Co, Advance Auto Parts, Dollar General, and more.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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