21611 N 26th Ave, Phoenix, AZ 85027

Absolute Triple Net (NNN) Lease with 1% Annual Increases: Long term Absolute Triple Net (NNN) lease with 14+ years remaining in the primary term. The lease includes 1% annual rent increases throughout the base term, along with 6 fixed 5-year renewal options followed by 4 additional 5-year fair market value (FMV) options.

Conservative Rent Basis: Current rent of approximately $26.07 PSF with modest annual increases supports long-term renewal probability and reduces mark-to-market risk.

Excellent Interstate Access: Located just off Interstate 17 (111,168 VPD), with immediate access to Loop 101, two of Phoenix’s primary transportation corridors. The interstate positioning aligns with Cracker Barrel’s highway-focused operating model.

Proximity to $165B Semiconductor Mega-Campus: Located near the Phoenix campus of Taiwan Semiconductor Manufacturing Company (TSMC), representing an estimated $165 billion investment and projected to create approximately 12,000 direct high-wage tech jobs plus 40,000+ construction jobs, driving significant long-term population growth, housing demand, and sustained retail and restaurant traffic in North Phoenix.

Large 3.44-Acre Parcel: Oversized land component enhances long-term residual value and redevelopment flexibility.

Established National Tenant with 650+ Locations Nationwide: Cracker Barrel Old Country Store, Inc. operates 650+ locations across 45 states and has been in continuous operation since 1969. The brand’s highway-oriented real estate strategy and long-term occupancy history support durable site selection and renewal probability.

Established North Phoenix Retail Corridor: Situated within the Deer Valley trade area, surrounded by national retailers and daily needs drivers, including Target, Walmart, Lowe’s, The Home Depot, and Costco.