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|
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”.
|Number of Locations:||640+|
|Stock Symbol:||CBRL (NASDAQ)|