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Huddle House

Andalusia, Alabama

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NNN Pro Group is pleased to present the exclusive listing for a Huddle House located at 1209 East Bypass Road in Andalusia, AL. The site consists of roughly 2,333 rentable square feet of building space on estimated 0.46-acre parcel of land. This Huddle House is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting annual rent will be $110,000 and is scheduled to increase by 7.50% every 5 years throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ 20-Year Triple-Net (NNN) Lease with Zero Landlord Responsibilities
✓ 7.50% Rental Increases Every Five Years That Will Continue Through The Base Term And Into The Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ Corporate Guarantee

Key Details

Price:
$1,692,307
Cap Rate:
6.50%
Annual Rent:
$110,000
Address:
1209 East Bypass Road, Andalusia, Alabama 36420
Property Type:
Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
7.50% Every 5 Years
Lot Size:
0.46 Acres
Building Size:
2,333 SF
Year Built:
1996
Year Renovated:
2001
Tenant:
Huddle House

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Robert Stein

License: 10401341647

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315


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