1028 Beacon StPhiladelphia, MS 39350

Property Details for 1028 Beacon St

Year built

2004

Lot size

0.54 AC

Property size (Sq ft)

1,847 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a Huddle House restaurant in Philadelphia, Mississippi. The property boasts a 1,847-square-foot building situated on a 0.54-acre lot at 1028 W Beacon St, 39350. Built in 2004, this single-tenant property operates under a 20-year triple-net (NNN) lease, eliminating all landlord responsibilities. The current annual net operating income (NOI) stands at $76,925, representing a compelling 6.75% capitalization rate on the $1,139,630 asking price, or $617.02 per square foot. The lease includes a corporate guarantee from a multi-unit operator with 275+ units, mitigating risk. Annual rent increases of 1.50% are built into the lease, extending through the initial 20-year term and into four, five-year renewal option periods. The property enjoys 100% occupancy, providing immediate and consistent cash flow. This is a rare opportunity to acquire a stable, long-term, passive income-generating asset in a strong market. The property's location in Neshoba County offers excellent visibility and accessibility. This investment is ideal for those seeking a low-maintenance, high-return commercial real estate asset with significant long-term growth potential.

Location Insight

City

Philadelphia

County

Neshoba

State

Mississippi

Latitude

32.7682

Longitude

-89.1324

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