Cracker Barrel Old Country Store 14 Frontage Dr 9,696 SF Retail Building Clinton, NJ 08809 $5,648,778 ($582.59/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 16+ years remaining with 10, five year options providing long term passive control.
- The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL)
- The store exhibits strong underlying store-level performance metrics, boasting a rent to sales ratio of 6%.
- Situated along Route 78, seeing over 100,000+ cars per day directly adjacent to the property.
- Located in an affluent area with an the average household income of $162,000 within a 3 mile radius.
- Situated next to national anchors such as Walmart Supercenter and T.J. Maxx.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,696 SF
Building Class
C
Year Built
2000
Price
$5,648,778
Price Per SF
$582.59
Cap Rate
5.65%
NOI
$319,140
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.42 AC
Zoning
CN - Commercial Neighborhood
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00005-0000-00001-0000-C0001 | Improvements Assessment | $265,000 |
| Land Assessment | $935,000 | Total Assessment | $1,200,000 |
