Cracker Barrel: Owensboro, KY
Retail | 6.15% CAP | 9,970 SqFt
Marketing description
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 ±14.4 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).
Investment highlights
Absolute NNN Lease with Annual Rent Increases: Cracker Barrel's absolute NNN lease features ±14.4 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).
Strong Performance | Low Rent-To-Sales Ratio: This location is an excellent performer with strong sales and a low rent-to-sales ratio.
Top-Visited Location: By visits, this Owensboro Cracker Barrel ranks among the top 22% of Cracker Barrel locations nationwide and top 30% throughout Kentucky (Placer.ai).
Excellent Access & Visibility: Positioned less than 5 miles south of the Indiana-Kentucky state border, Cracker Barrel is located at the intersection of Theatre Way and Frederica Street (11,258 VPD), where it is a mile south of Wendell Ford Expressway (40,316 VPD).
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