Cracker Barrel - Net Lease Property for Sale
Edmond, OK
Key Investment Metrics
Price
$4,156,993
Cap Rate
5.8%
Net Operating Income
$239,027
Building Size
9646 SF
Lot Size
9,646 SF
Land Area
2.86 Acres
Remaining Term
14.6 years
Lease Expiration
07/31/2040
Lease Term
20 years
Lease Commencement
08/04/2020
Lease Type
Absolute NNN
Year Built
1997
Occupancy
100%
Tenancy
Single
Rent Increases
1% Annual Increases
About This Cracker Barrel Net Lease Property
This Cracker Barrel NNN (triple net lease) property is located in Edmond, OK and represents an excellent investment opportunity for commercial real estate investors. The property features 9646 square feet of building space and was built in 1997.
With a cap rate of 5.8%, this Cracker Barrel net lease property offers stable income potential. The asking price is $4,156,993, making it an attractive option for 1031 exchange investors seeking quality Cracker Barrel commercial properties.
Why Invest in Cracker Barrel NNN Properties?
- Stable Income: Cracker Barrel net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Cracker Barrel is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Edmond, OK Market Overview
Located in Edmond, OK, this Cracker Barrel property benefits from strong local demographics and market fundamentals. The Edmond area offers excellent visibility and accessibility, making it an ideal location for Cracker Barrel operations and a solid investment for net lease property buyers.