Restaurant

Cracker Barrel Ground Lease

Listing Price: $5,400,000

Cap Rate
4.35%
Tenant Name
Cracker Barrel
Years Remaining On Lease
11.90
Gross SF
9,113
Guarantor
Corporate Guarantee
Rentable SF
9,113
Price/Gross SF
$592.56
Lease Type
Ground Lease
Rent Per Square Feet
$25.79

Investment Overview

The subject property consists of newly constructed prototypical Cracker Barrel restaurant consisting of 9,113 square feet sitting on an approximate 2.2 acre parcel of land.
The building was tastefully constructed with all of the rustic features Cracker Barrel Old Country Store restaurants are well known for, covered front porch with rocking chairs, brown paneled siding, metal roof and authentic Americana antiques. The offering is a 15 year corporate ground lease ( fee interest ), with publicly traded Cracker Barrel restaurant (Nasdaq:CBRL) with 10% rent increases every 5 years. This is southern Californias first Cracker Barrel and the grand opening was an overwhelming success that generated a tremendous wait from loyal Cracker Barrel patrons.

Investment Highlights

  • NNN Ground Lease with 10% Increases
  • Excellent Location, Explosive Trade Area
  • Tremendous Demographic Growth. Diverse and Experienced pool of Workers

Exclusively Listed By

Listing Price: $5,400,000

Cap Rate
4.35%
Tenant Name
Cracker Barrel
Years Remaining On Lease
11.90
Gross SF
9,113
Guarantor
Corporate Guarantee
Rentable SF
9,113
Price/Gross SF
$592.56
Lease Type
Ground Lease
Rent Per Square Feet
$25.79

Investment Highlights

  • NNN Ground Lease with 10% Increases
  • Excellent Location, Explosive Trade Area
  • Tremendous Demographic Growth. Diverse and Experienced pool of Workers

Investment Overview

The subject property consists of newly constructed prototypical Cracker Barrel restaurant consisting of 9,113 square feet sitting on an approximate 2.2 acre parcel of land.
The building was tastefully constructed with all of the rustic features Cracker Barrel Old Country Store restaurants are well known for, covered front porch with rocking chairs, brown paneled siding, metal roof and authentic Americana antiques. The offering is a 15 year corporate ground lease ( fee interest ), with publicly traded Cracker Barrel restaurant (Nasdaq:CBRL) with 10% rent increases every 5 years. This is southern Californias first Cracker Barrel and the grand opening was an overwhelming success that generated a tremendous wait from loyal Cracker Barrel patrons.

Exclusively Listed By

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