Restaurant

Cracker Barrel Ground Lease

11019 Shadow Creek Pkwy, Pearland, TX 77584

Listing Price: $3,440,000

Cap Rate
5.00%
Tenant Name
Cracker Barrel Old Country Store
Years Remaining On Lease
9.50
Guarantor
Corporate Guarantee
Rentable SF
10,062
Lease Type
NNN Ground Lease
Rent Per Square Feet
$17.09

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
  • 7.5% Rental Increases Every 5 Years
  • 194,282 Residents within a 5-Mile Radius - Houston MSA
  • Households & Population Projected to Increase Nearly 23%+ within a 3-Mile Radius by 2024 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Hwy 288 - 164,850+ Cars/Day

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Listing Price: $3,440,000

Cap Rate
5.00%
Tenant Name
Cracker Barrel Old Country Store
Years Remaining On Lease
9.50
Guarantor
Corporate Guarantee
Rentable SF
10,062
Lease Type
NNN Ground Lease
Rent Per Square Feet
$17.09

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease
  • 7.5% Rental Increases Every 5 Years
  • 194,282 Residents within a 5-Mile Radius - Houston MSA
  • Households & Population Projected to Increase Nearly 23%+ within a 3-Mile Radius by 2024 - Pearland is One of the Fastest Growing Cities in Texas
  • Excellent Visibility Along Hwy 288 - 164,850+ 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: 0432723

    Texas

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