Cracker Barrel
Baskersfield, CA
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company’s Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company’s gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, and various other gift items, as well as candies, preserves, pies, cornbread mixes, coffee, syrups, pancake mixes, and other food items. As of September 14, 2017, it operated 645 Cracker Barrel stores in 44 states. Cracker Barrel Old Country Store, Inc. was founded in 1969 and is headquartered in Lebanon, Tennessee.
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Typical Lease Characteristics
Lease Term: 15 – 20 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate
Positives:
- Loyal Customer Following
- NNN lease eliminates landlord responsibilities
- Typically Long term leases with increases
Negatives:
- Consumers are showing a growing interest in healthy fast food.
- Competitive Industry Sector
- Susceptible to economic trends and pressures
Market Snapshots:
On Market Ranges:
# of Properties in set: N/AV
Price: N/AV - N/AVAverage: N/AV
PPSF: N/AV - N/AVAverage: N/AV
Year Built: N/AV - N/AVAverage: N/AV
CAP Rate Range: N/AV - N/AVAverage: N/AV
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Last 12 Month Range:
# of Properties in set: 1
Price: $4,177,000 - $4,177,000Average: $4,177,000
PPSF: $401 - $10396Average: $401
Year Built: 2017 - 2017Average: 2017
CAP Rate Range: 4.78% - 4.78%Average: 4.78%
Size range: 10,396 sq ft - 402 sq ft Average: 10,396 sq ft
Cracker Barrel Similar Tenants
Cracker Barrel Company Profile
Headquarters Information
Lebanon, Tennessee
Founded in 1969
Company type: Public
Sector: Services
Industry: Restaurants
# of Employees: 73,000