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Cracker Barrel - Phoenix, AZ 21611 N 26th Ave 9,702 SF Retail Building Phoenix, AZ 85027 $4,818,350 ($496.63/SF) 5.25% Cap Rate
Investment Highlights
- Long term Absolute Triple Net (NNN) lease with 14+ years remaining in the primary term. The lease includes 1% annual rent increases.
- Located just off Interstate 17 (111,168 VPD), with immediate access to Loop 101, two of Phoenix’s primary transportation corridors.
- Oversized land component enhances long-term residual value and redevelopment flexibility.
- Current rent of approximately $26.07 PSF with modest annual increases supports long-term renewal probability and reduces mark-to-market risk.
- Located near the Phoenix campus of Taiwan Semiconductor Manufacturing Company (TSMC), representing an estimated $165 billion investment.
- Cracker Barrel Old Country Store, Inc. operates 650+ locations across 45 states and has been in continuous operation since 1969.
Executive Summary
We are pleased to exclusively offer for sale the 9,702 SF Cracker Barrel located at 21611 N 26th Avenue in Phoenix, AZ. This offering features a long-term Absolute Triple Net (NNN) lease with 14+ years remaining in the primary term. The lease includes 1% annual rent increases throughout the base term and provides multiple extension opportunities through several 5-year renewal options, along with additional 5-year options at fair market value (FMV), supporting durable income and long term investment stability.
In Cooperation With Sands Investment Arizona, LLC - Lic. #LC690889000 BoR: Gary W. Berwick, CCIM - Lic. AZ #BR625869000
In Cooperation With Sands Investment Arizona, LLC - Lic. #LC690889000 BoR: Gary W. Berwick, CCIM - Lic. AZ #BR625869000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,702 SF
Building Class
B
Year Built
1997
Price
$4,818,350
Price Per SF
$496.63
Cap Rate
5.25%
NOI
$252,963
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.44 AC
Zoning
I-1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cracker Barrel
- Accommodation and Food Services
- 9,702 SF
- $26.07
- Jul 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cracker Barrel | Accommodation and Food Services | 9,702 SF | $26.07 | Jul 2040 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 209-07-105 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $352,548 |
Property Taxes
Parcel Number
209-07-105
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$352,548
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Cracker Barrel - Phoenix, AZ | 21611 N 26th Ave
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