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Restaurant

Huddle House | 17 Yr. Recast | Low Rent | New Roof

407 Lafayette Ave, Moundsville, WV 26041

Listing Price: $835,714

Cap Rate
7.00%
Tenant Name
Huddle House
Gross SF
2,328
Guarantor
Personal Guarantee
Rentable SF
2,328
Price/Gross SF
$358.98
Rent Per Square Feet
$25.13

Investment Overview

Marcus & Millichap is pleased to present the Huddle House Portfolio located at 398 Campbellsville Bypass Road, Campbellsville, Kentucky 42718; 3060 South Dixie Boulevard, Radcliff, Kentucky 40160; and 407 Lafayette Avenue, Moundsville, West Virginia 2604. The portfolio consists of three-(3)Huddle Houses totaling 6,502 in square footage, and roughly 2.81 acres of land.

The Campbellsville location is operating under a 15-year triple net (NNN) lease, and has annual rent of $78,000. The Radcliff location is operating under a 15-year double net (NN+) lease, with an annual rent of $81,600. Lastly, the Moundsville location is operating under 15-year absolute-net (NNN), providing zero landlord obligations. The current NOI for this portfolio is $237,600 and each lease is equipped with three-(3), five-(5) year renewal options. Campbellsville and Radcliff recently completed renovations in 2018, and all three-(3) Huddle Houses have approximately twelve-(12) years left on their leases.

Investment Highlights

  • Campbellsville and Radcliff recently completed renovations in 2018
  • Portfolio NOI totals $237,600
  • All Three Properties Sit on Dense Retail Corridors
  • Portfolio Of Three Huddle-House Locations in Kentucky and West Virginia
  • All Leases Operating on 15-Year Lease with 12-Years Remaining and 3, 5-Year Options
  • Campbellsville and Moundsville Operate on NNN Lease, Radcliff NN+ Lease

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Restaurant

Huddle House | 17 Yr. Recast | Low Rent | New Roof

Listing Price: $835,714

Cap Rate
7.00%
Tenant Name
Huddle House
Gross SF
2,328
Guarantor
Personal Guarantee
Rentable SF
2,328
Price/Gross SF
$358.98
Rent Per Square Feet
$25.13

Investment Highlights

  • Campbellsville and Radcliff recently completed renovations in 2018
  • Portfolio NOI totals $237,600
  • All Three Properties Sit on Dense Retail Corridors
  • Portfolio Of Three Huddle-House Locations in Kentucky and West Virginia
  • All Leases Operating on 15-Year Lease with 12-Years Remaining and 3, 5-Year Options
  • Campbellsville and Moundsville Operate on NNN Lease, Radcliff NN+ Lease

Investment Overview

Marcus & Millichap is pleased to present the Huddle House Portfolio located at 398 Campbellsville Bypass Road, Campbellsville, Kentucky 42718; 3060 South Dixie Boulevard, Radcliff, Kentucky 40160; and 407 Lafayette Avenue, Moundsville, West Virginia 2604. The portfolio consists of three-(3)Huddle Houses totaling 6,502 in square footage, and roughly 2.81 acres of land.

The Campbellsville location is operating under a 15-year triple net (NNN) lease, and has annual rent of $78,000. The Radcliff location is operating under a 15-year double net (NN+) lease, with an annual rent of $81,600. Lastly, the Moundsville location is operating under 15-year absolute-net (NNN), providing zero landlord obligations. The current NOI for this portfolio is $237,600 and each lease is equipped with three-(3), five-(5) year renewal options. Campbellsville and Radcliff recently completed renovations in 2018, and all three-(3) Huddle Houses have approximately twelve-(12) years left on their leases.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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