Pinnacle Bank - Lebanon, TN (Baddour Pkwy)
1412 West Baddour Parkway, Lebanon, TN, 37087, US
3 124 000 $ | 412 mètres carrés
Descriptif
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Cracker Barrel located in Smyrna, TN (the “Property” or “Asset”). Cracker Barrel (the “Tenant”) executed a 20-year absolute NNN lease with 1.00% annual rental escalations in 2020. The lease has 15 years remaining with five, 5-year renewal options. The Property, boasting over 391,000+ visits annually, is ranked in the top 10% of all Cracker Barrels in the nation and has occupied this space for almost 16 years (per Placer.ai).
This Asset offers secure, long-term cash flow backed by a national brand with tremendous unit-level economics.
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Attributs
Superficie du bâtiment nette
934 mètres carrés
Année de construction
1999
Prix demandé
5 079 000 $
Taux de capitalisation
5,75 %
Type de bail
Triple Net Absolu
RNI
293 000 $
Durée restante du bail
15 années
Média
Points forts de l'investissement
- Attractive rental escalations during primary term and options
- Less than 1.5 miles away from a new 44-acre mixed-use development
- $110K+ strong average household income within five-mile radius
- Population of 116,000 within five-mile radius
- Adjacent to Marketplace at SMYRNA that has 3.6M+ visits annually (per Placer.ai)
- Established national tenant (Cracker Barrel) operating for over 55 years
- Absolute NNN with zero landlord responsibilities
- Positioned along I-24 and SR266 with combined 208K+ VPD
Contactez les courtiers
Ares - Cracker Barrel - Smyrna, TN (0 Propriétés)
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Dernière mise à jour
24 juil. 2025
