Cracker Barrel

460 Park West Drive, Grovetown, GA 30813

$3,260,727

Cap Rate 5.75%

View OM

DOM: 57 Updated: 08.15.25 Posted: 08.15.25 Status: Active 08.15.25

Summary

Price $3,260,727	Built/Renov 1993	Tenant Cracker Barrel
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 10,806	Lease Start 08-04-2020	#Units 660
Price/SF $301.75	Expiration 07-31-2040	Tenant Type Casual Dining
NOI $187,492	R. Term 14.9	Ownership Fee Simple
Rent/SF $17.35	Increases 1.0%/2/yrs	Pop 5Mi 134,258
Lot/AC 3.53	Options 10/5yrs/1%	AHHI 5Mi $101,965

Highlights

Cracker Barrel has operated at this location since 1993 with 10 five-year renewal options followed by 5 FMV renewal terms.
The lease features 1% annual rental increases
Base Rent during any Fixed Renewal Term is initially set to 101% of the Base Rent for the immediately preceding year. Base Rent during any FMV Renewal Term is initially set to the Market Rate.
Absolute NNN Lease | Zero Landlord Responsibilities
Corporate guarantee

Location Description

Cracker Barrel is strategically located along Park West Drive in Grovetown, Georgia, with access to a combined daily traffic count of approximately 116,100 vehicles from I-20 (77,600 VPD) and S Belair Road (38,500 VPD). The site is surrounded by major national retailers including Walmart Supercenter, The Home Depot, Chick-fil-A, Starbucks, and Lowe’s Home Improvement, driving consistent...

...

Key Features

Oversized lot
In location for years
Freeway close
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 20+ yr lease
Annual rent increases
Traded and rated company
Corporate Guarantee

...

Links

Cracker Barrel Wikipedia Cracker Barrel Wikipedia Grovetown, GA Zip code 30813 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Cracker Barrel
Guarantor:Corp Traded
Company:Cracker Barrel Old Country Store, Inc.
# Units:660
Stock: NASDAQ: CBRL

About Tenant

Cracker Barrel Old Country Store, Inc., doing business as Cracker Barrel, is an American chain of restaurant and gift stores with a Southern country theme. The company was founded by Dan Evins...

...

Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	4,758	56,237	142,791
2025 Total Population :	4,510	53,535	136,599
2025 Employed Civilian Pop :	2,316	24,402	58,519
2025 Total Businesses :	303	1,937	5,340
2025 Average Household Income :	$ 92,110	$ 94,877	$ 101,175
2025 Total Consumer Spending :	$ 149 M	$ 1837 M	$ 4600 M
2025 Median Age :	38	39	36
2025 Total Households :	1,844	22,280	52,444
2025 Pop Age 25+: Bachelor's Degree :	442	7,958	19,618
2025 Average Home Value :	$ 263,982	$ 292,197	$ 312,760

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Jimmie Dyess Pkwy	Ridge Pointe Dr	2016	4,380	0.09 mi
South Belair Road	S Belair Rd	2018	48,500	0.09 mi
South Belair Road	S Belair Rd	2019	48,900	0.09 mi
	PkWest Dr	2019	10,400	0.12 mi
I- 20	S Belair Rd	2019	9,980	0.20 mi
Park West Dr	Cdp Industrial Blvd	2019	4,590	0.25 mi
Park West Dr	Cdp Industrial Blvd	2019	4,810	0.26 mi
South Belair Road	Ridge Trl	2019	39,400	0.36 mi
Jimmie Dyess Pkwy	Wrightsboro Rd	2008	6,000	0.50 mi
Frontage Rd	Bluff Rd	2019	76,600	0.52 mi

Listing Broker

Brian Pfohl

CBRE: NLPG Atlanta

Contact

155 Listings
40650 Views
79 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

157 Listings
41209 Views
82 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

...

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT