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Net Lease Cracker Barrel

Net Lease Cracker Barrel Property Profile

Date May 15, 2017

Net Lease Cracker Barrel – Typical Property and Lease Terms

 

Price Range:$2.25M - $4.25M
Cap Rate:5.50% - 6.00%
Net Income:$133,750 - $255,000
Price Per foot:$265 PSF - $425 PSF
Building Size:8,500 SF - 10,000 SF
Lot Size:2.5 Acre
Escalations:10% Every 5 Years
Lease Term:10 Years
Lease Type:NNN
Credit Rating:NR

 

Tenant Company Information:

Cracker Barrel Old Country Store, Inc. is an American chain of combined restaurant and gift stores with a Southern country theme. The company was founded by Dan Evins in 1969; its first store was in Lebanon, Tennessee, which remains the company headquarters. Cracker Barrel has more than 640 locations in 43 states.

Cracker Barrel’s menu is based on traditional Southern cuisine, with appearance and decor designed to resemble an old-fashioned general store. Each restaurant features a front porch lined with wooden rocking chairs, a stone fireplace, and decorative artifacts from the local area. Cracker Barrel is publicly traded on the Nasdaq Stock Market using the symbol “CBRL”.

 

Website: www.crackerbarrel.com
Founded: 1969
Number of Locations: 640+
Headquarters: Lebanon, Tennessee
Stock Symbol: CBRL (NASDAQ)

 

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