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
9.70
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

Listing Price: $3,440,000

Cap Rate
5.00%
Tenant Name
Cracker Barrel Old Country Store
Years Remaining On Lease
9.70
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

MM Texture Background
MM Textured Background Lower