Cracker Barrel Old Country Store

110 Hancock Ln, Mount Holly, NJ
Deal Type:
Net Lease
Price:
$4,916,000
Cap Rate:
5.40%
Current Rent:
$265,444
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
10, Five year
Building Sq. Ft.:
10,033 SF
Rent Increases:
1% annually
Site Size:
4.68 Acres

Investment Highlights

  • Long Term Absolute NNN Lease: 16+ years remaining with 10, five year options providing long term passive control.
  • Well Positioned: Situated adjacent to the New Jersey Turnpike, seeing more than 88,000+ cars per day.
  • Corporate Guaranteed Lease: The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL).
  • Strong Local Demographics: Located in an affluent area with an average household income of $142,000 within a 1 mile radius.
  • Healthy Rent to Sales: The store exhibits strong underlying store-level performance metrics, boasting a rent to sales ratio of 7%.
  • Excellent Retail Nearby: Situated nearby to other national tenants such as Target, The Home Depot, Kohl’s, Dick’s Sporting Goods, Walmart Supercenter, Marshalls, and HomeGoods.

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]
Joe DiGennaro Stream Capital Partners

Joe DiGennaro

Associate
203 895 1171
[email protected]

Broker of Record: Michael Antonplos, NJ – 8132327

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