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Cracker Barrel: Owensboro, KY 5311 Frederica St 9,970 SF Retail Building Owensboro, KY 42301 $4,065,925 ($407.82/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Annual Rent Increases
- Top-Visited Location | By visits, this location ranks among the top 22% of Cracker Barrel locations nationwide & top 30% throughout KY (Placer.ai)
- Outparcel to State-of-the-Art Film Production Complex | Kentucky Sound Stage Facility
- Strong Performance | Low Rent-To-Sales Ratio
- Excellent Access & Visibility | 5 Miles South of the Indiana-Kentucky State Border
- Owensboro, KY MSA (Population: 113,387+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,970-square-foot Cracker Barrel Old Country Store positioned on 3.02 acres in Owensboro, Kentucky (MSA Population: 113,387). Cracker Barrel's absolute NNN lease features ±14.6 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
9,970 SF
Building Class
C
Year Built
1999
Price
$4,065,925
Price Per SF
$407.82
Cap Rate
5.75%
NOI
$233,791
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
3.02 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 003-12-29-001-H0-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,736,600 |
PROPERTY TAXES
Parcel Number
003-12-29-001-H0-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,736,600
CONTACTS
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Robert Schwartz -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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Cracker Barrel: Owensboro, KY | 5311 Frederica St
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