Log In/Sign Up
Your email has been sent.
Cracker Barrel: Clinton, NJ 14 Frontage Rd 9,696 SF Retail Building Clinton, NJ 08809 $5,634,074 ($581.07/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Annual Rent Increases
- Excellent Interstate Access & Visibility | I-78 (114,489 VPD)
- 43.3 Miles to Newark | 53 Miles to New York City
- Strong Performance
- Next to a 129-Room Hampton Inn hotel | Across from a retail node boasting tenants like Walmart, ShopRite, TJ Maxx, Verizon, etc.
- New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,696-square-foot Cracker Barrel Old Country Store positioned on 2.42 acres in Clinton, New Jersey -- part of the New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+). 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 (six fixed renewal terms, followed by four FMV renewal terms).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,696 SF
Building Class
C
Year Built
1998
Price
$5,634,074
Price Per SF
$581.07
Cap Rate
5.75%
NOI
$323,959
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.42 AC
Zoning
C-N
Parking
132 Spaces (13.61 Spaces per 1,000 SF Leased)
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 |
PROPERTY TAXES
Parcel Number
10-00005-0000-00001-0000-C0001
Land Assessment
$935,000
Improvements Assessment
$265,000
Total Assessment
$1,200,000
CONTACTS
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
David Gavin -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Cracker Barrel: Clinton, NJ | 14 Frontage Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.