Cracker Barrel: Cave City, KY
Retail | 6.15% CAP | 10,009 SqFt
Marketing description
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 ±14.1 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.
Investment highlights
ABSOLUTE NNN LEASE WITH ANNUAL RENT INCREASES
Cracker Barrel's absolute NNN lease features ±14.1 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).
EXCELLENT PERFORMER
The subject property is an excellent performer with strong sales and a low rent-to-sales ratio.
TOP VISITED LOCATION
By visits, this Cave City Cracker Barrel ranks among the top 9% of Cracker Barrel locations nationwide and the top 17% of locations throughout Kentucky (Placer.ai).
EXCELLENT INTERSTATE ACCESS & VISIBILITY
Equidistant between Nashville, TN and Louisville, KY, the property is located on a hard corner at the signalized intersection of Sanders Street and Happy Valley Street (10,182 VPD), where it is a quarter mile east of the on-ramp to Interstate 65 (45,543 VPD).
MAJOR DRAW TO MAMMOTH CAVE NATIONAL PARK
Cracker Barrel is situated right outside of the 52,830-acre Mammoth Cave National Park, which welcomed over 747,000 visitors in 2024. The location benefits from consistent, year-round traffic, ensuring a steady stream of potential customers. The park plays a foundational role in the culture of the region and contributes nearly $90 million to the local economy.
HOSPITALITY SYNERGIES
Cracker Barrel is within walking distance from multiple hotels, including Comfort Inn & Suites (63 rooms), Hampton Inn (74 rooms), Red Roof Inn & Suites (91 rooms), Sleep Inn & Suites (61 rooms), Baymont by Wyndham (50 rooms), EconoLodge (75 rooms), and Days Inn (60 rooms) — placing a substantial built-in customer base immediately around the site.
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