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Cracker Barrel: Edmond, OK 4901 NE 122nd St 9,646 SF Retail Building Edmond, OK 73013 $4,156,993 ($430.96/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Annual Rent Increases
- Top Visited Location | #2 Cracker Barrel in the State of Oklahoma
- Significant Built-In Customer Base | Within 1 Mile of more than 700 Hotel Rooms
- Strong Performance | Low Rent-To-Sales Ratio
- Excellent Interstate Access & Visibility | I-35 (79,200 VPD) | I-44 (39,757 VPD)
- Oklahoma City MSA (Population 1.47M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,646-square-foot Cracker Barrel Old Country Store situated on 2.86 acres in Edmond, Oklahoma — part of the Oklahoma City MSA (MSA Population: 1.47M+). 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
9,646 SF
Building Class
B
Year Built
1997
Price
$4,156,993
Price Per SF
$430.96
Cap Rate
5.75%
NOI
$239,027
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.86 AC
Zoning
C-HC
Parking
139 Spaces (14.41 Spaces per 1,000 SF Leased)
Frontage
121’ on 122nd St
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 148751040 | Improvements Assessment | $155,293 |
| Land Assessment | $63,455 | Total Assessment | $218,748 |
PROPERTY TAXES
Parcel Number
148751040
Land Assessment
$63,455
Improvements Assessment
$155,293
Total Assessment
$218,748
CONTACTS
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Stuart Graham -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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Cracker Barrel: Edmond, OK | 4901 NE 122nd St
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