Net Lease Cracker Barrel Property Cap Rates Profile

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. The corporate offices are located at a different facility in the same city. The chain’s stores were at first positioned near Interstate Highway exits in the Southeastern and Midwestern United States, but expanded across the country during the 1990s and 2000s. As of September 1, 2019,[6] the chain operates 660 stores in 45 states.[2]

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 partners with country music performers. It engages in charitable activities, such as its assistance of victims of Hurricane Katrina and injured war veterans. Employees there wear a choice of either white, yellow, blue or pink shirts.

 

 

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