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Cracker Barrel: Pooler, GA 1000 E Highway 80 E 9,667 SF Retail Building Pooler, GA 31322 $5,185,942 ($536.46/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The subject property is an excellent performer with strong sales.
- Absolute NNN lease with annual increases.
- The property is surrounded by a wealth of hospitality with 3,854 total rooms within a 3-mile radius.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,667-square-foot Cracker Barrel Old Country Store situated on 2.86 acres in Pooler, GA- a component of the Savannah, GA MSA (population: 437,261). Cracker Barrel's absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,667 SF
Building Class
B
Year Built
1998
Price
$5,185,942
Price Per SF
$536.46
Cap Rate
5.75%
NOI
$298,192
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.86 AC
Zoning
C-2 - Commercial
Parking
162 Spaces (16.76 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5098502011 | Improvements Assessment | $229,200 |
| Land Assessment | $400,360 | Total Assessment | $629,560 |
PROPERTY TAXES
Parcel Number
5098502011
Land Assessment
$400,360
Improvements Assessment
$229,200
Total Assessment
$629,560
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Cyrus Felfeli -
Leah Lindell -
Katie Goldberg -
Abby Kelly -
Kaitlyn Wolf -
CBRE
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Cracker Barrel: Pooler, GA | 1000 E Highway 80 E
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