Restaurant
Cracker Barrel
1839 S Roane St, Harriman, TN 37748
Listing Price: $2,300,000
Cap Rate
5.56%
Tenant Name
Cracker Barrel
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
8,558
Lease Type
Ground Lease
Rent Per Square Feet
$14.94
Investment Overview
- 13.75% Rental Increase on 9/1/2028!
- Below concept rent, only paying $127,836 annually
- 7+ Years Remaining on base term
- Ground Lease NNN, No Landlord Responsibilities
- Corporately Guaranteed (S&P Credit Rating: BB-)
Investment Highlights
- History of Operating Success: Cracker Barrel has been operating at this site for 27+ years, since 1998
- Strong Performance: Placer.AI ranks this Cracker Barrel in the top 82nd percentile nationally and top 72nd in the state of Tennessee
- Corporate Guarantee: 660+ company-owned Cracker Barrel restaurants across 43 states, the tenant carries full operational control and consistent brand standards
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Listing Price: $2,300,000
Cap Rate
5.56%
Tenant Name
Cracker Barrel
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
8,558
Lease Type
Ground Lease
Rent Per Square Feet
$14.94
Investment Highlights
- History of Operating Success: Cracker Barrel has been operating at this site for 27+ years, since 1998
- Strong Performance: Placer.AI ranks this Cracker Barrel in the top 82nd percentile nationally and top 72nd in the state of Tennessee
- Corporate Guarantee: 660+ company-owned Cracker Barrel restaurants across 43 states, the tenant carries full operational control and consistent brand standards
Investment Overview
- 13.75% Rental Increase on 9/1/2028! - Below concept rent, only paying $127,836 annually - 7+ Years Remaining on base term - Ground Lease NNN, No Landlord Responsibilities - Corporately Guaranteed (S&P Credit Rating: BB-)
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South