Cracker Barrel

4229 South Padre Island Drive, Corpus Christi, TX 78411

$5,129,388

Cap Rate 5.50%

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

Summary

Price $5,129,388	Built/Renov 1997	Tenant Cracker Barrel
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 9,660	Lease Start 07-29-2020	#Units 660
Price/SF $530.99	Expiration 07-31-2040	Tenant Type Casual Dining
NOI $282,116	R. Term 14.9	Ownership Fee Simple
Rent/SF $29.20	Increases 1.0%/2/yrs	Pop 5Mi 217,148
Lot/AC 2.34	Options 10/5yrs/1%	AHHI 5Mi $87,468

Highlights

Cracker Barrel has operated at this location since 1997 with 10 five-year renewal options followed by four 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 South Padre Island Drive in Corpus Christi, Texas, with access to a daily traffic count of approximately 137,000 vehicles (25,240 VPD on South Padre Island Drive and 111,712 VPD on State Highway 358). The site is surrounded by major national retailers including Walmart Supercenter, Lowe’s Home Improvement, Sam’s Club, Target, The Home Depot,...

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Key Features

Oversized lot
In location for years
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Long 20+ yr lease
Annual rent increases
Traded and rated company
Corporate Guarantee

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Links

Cracker Barrel Wikipedia Cracker Barrel Wikipedia Corpus Christi, TX Zip code 78411 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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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	15,456	121,745	216,903
2025 Total Population :	15,721	123,711	216,982
2025 Employed Civilian Pop :	7,437	62,843	109,832
2025 Total Businesses :	973	5,197	7,636
2025 Average Household Income :	$ 71,933	$ 83,269	$ 87,511
2025 Total Consumer Spending :	$ 385 M	$ 3629 M	$ 6473 M
2025 Median Age :	38	38	38
2025 Total Households :	6,051	49,531	84,209
2025 Pop Age 25+: Bachelor's Degree :	1,101	12,855	23,883
2025 Average Home Value :	$ 227,478	$ 260,961	$ 267,216

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Allen Pl	2022	21,247	0.08 mi
South Padre Island Drive	Flynn Pkwy	2022	26,000	0.10 mi
S Padre Island Dr	Flynn Pkwy	2002	116,000	0.12 mi
Corona Drive	Flynn Pkwy	2022	6,537	0.24 mi
Weber Road	Brett St	2022	28,624	0.34 mi
Tiger Ln	Weber Rd	2002	32,000	0.36 mi
	Weber Rd	2021	14,500	0.39 mi
	Weber Rd	2022	13,266	0.39 mi
TX 358	Weber Rd	2022	107,794	0.39 mi
	S Padre Island Dr	2022	12,025	0.39 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

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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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