Cracker Barrel

1821 Remount Road, Gastonia, NC 28054

$3,228,922

Cap Rate 5.75%

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DOM: 7 Updated: 08.15.25 Posted: 08.15.25 Status: Active 08.15.25

Summary

Price $3,228,922	Built/Renov 1985	Tenant Cracker Barrel
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 8,992	Lease Start 08-04-2020	#Units 660
Price/SF $359.09	Expiration 07-31-2040	Tenant Type Casual Dining
NOI $185,663	R. Term 14.11	Ownership Fee Simple
Rent/SF $20.65	Increases 1.0%/2/yrs	Pop 5Mi 111,723
Lot/AC 1.69	Options 10/5yrs/1%	AHHI 5Mi $88,129

Highlights

Cracker Barrel has operated at this location since 1985 with 10 five-year renewal options followed by six 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 Remount Road in Gastonia, North Carolina, with access to a daily traffic count of approximately 153,000 vehicles (24,000 VPD on North New Hope Road and 129,000 VPD on Interstate 85). The site is surrounded by major national retailers including Walmart Supercenter, Target, Home Depot, Hobby Lobby, T.J. Maxx, Dick’s Sporting Goods, HomeGoods, Ulta...

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Key Features

Oversized lot
In location for years
Near major nationals
Freeway close
Strong demographics
Major MSA
Long 20+ yr lease
Annual rent increases
Traded and rated company
Corporate Guarantee

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Links

Cracker Barrel Wikipedia Cracker Barrel Wikipedia Gastonia, NC Zip code 28054 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...

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Listing Broker

Brian Pfohl

CBRE: NLPG Atlanta

Contact

150 Listings
34461 Views
79 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

152 Listings
35059 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

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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

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