Restaurant

Cracker Barrel Ground Lease

3108 N Loop 250 W, Midland, TX 79707

Listing Price: $2,724,000

Cap Rate
5.25%
Tenant Name
Cracker Barrel Old Country Store
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
10,099
Lease Type
NNN Ground Lease
Rent Per Square Feet
$14.16

Investment Overview

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), established in 1969 in Lebanon, Tennessee, provides a friendly home-away-from-home in its old country stores and restaurants. Guests are cared for like family while relaxing and enjoying real home-style food and shopping that’s surprisingly unique, genuinely fun, and reminiscent of America’s country heritage, all at a fair price. Restaurants serve up delicious, home-style country food, such as meatloaf and homemade chicken n’ dumplins, as well as signature biscuits using an old family recipe.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years
  • 114,355 Residents within a 5-Mile Radius
  • Growing Trade Area - Households & Population Projected to Increase Nearly 11%+ in Immediate Area Over the Next 5 Years
  • Excellent Visibility Along Loop 250 - More Than 66,500 Cars/Day

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Restaurant

Cracker Barrel Ground Lease

Listing Price: $2,724,000

Cap Rate
5.25%
Tenant Name
Cracker Barrel Old Country Store
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
10,099
Lease Type
NNN Ground Lease
Rent Per Square Feet
$14.16

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years
  • 114,355 Residents within a 5-Mile Radius
  • Growing Trade Area - Households & Population Projected to Increase Nearly 11%+ in Immediate Area Over the Next 5 Years
  • Excellent Visibility Along Loop 250 - More Than 66,500 Cars/Day

Investment Overview

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL), established in 1969 in Lebanon, Tennessee, provides a friendly home-away-from-home in its old country stores and restaurants. Guests are cared for like family while relaxing and enjoying real home-style food and shopping that’s surprisingly unique, genuinely fun, and reminiscent of America’s country heritage, all at a fair price. Restaurants serve up delicious, home-style country food, such as meatloaf and homemade chicken n’ dumplins, as well as signature biscuits using an old family recipe.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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