Ares - Cracker Barrel - Merrillville, IN

JLL presents a single-tenant Cracker Barrel property in Merrillville, IN with 15 years remaining on a 20-year absolute NNN lease with 1% annual rent increases. The property benefits from strategic I-65 positioning (115,000+ VPD), proximity to Chicago (30 miles), and location in a thriving market with $193M in construction value (2023). The area is experiencing a $1B+ data center boom with major tech companies investing. Cracker Barrel (Nasdaq: CBRL) generates strong $4.6M annual sales at this location with a healthy 4.25% rent-to-sales ratio. The investment features zero landlord obligations, an oversized 3+ acre parcel, average household income of $95K within a 1-mile radius, and 30% daytime population increase in the immediate area.