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| 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 14.11 | 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 |
| | |
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,...
...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
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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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
