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Cracker Barrel: Cave City, KY 800 Happy Valley St 10,009 SF Retail Building Cave City, KY 42127 $3,568,639 ($356.54/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease with annual rent increases.
- Excellent interstate access and visibility.
- Strong sales and a low rent-to-sales ratio.
- Major draw to Mammoth Cave National Park.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 10,0009-square-foot Cracker Barrel Old Country Store situated on 2.26 acres in Cave City, KY. 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,009 SF
Building Class
C
Year Built
1999
Price
$3,568,639
Price Per SF
$356.54
Cap Rate
5.75%
NOI
$205,197
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.26 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
159 Spaces (15.89 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60-6F-1 | Improvements Assessment | $2,241,300 |
| Land Assessment | $418,599 | Total Assessment | $2,659,899 |
PROPERTY TAXES
Parcel Number
60-6F-1
Land Assessment
$418,599
Improvements Assessment
$2,241,300
Total Assessment
$2,659,899
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Robert Schwartz -
CBRE
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Cracker Barrel: Cave City, KY | 800 Happy Valley St
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