Cracker Barrel - Roseville, MI

JLL presents for sale a single-tenant Cracker Barrel located in Roseville, MI, featuring a 20-year absolute NNN lease executed in 2020 with 1% annual escalations, 15 years remaining, and five 5-year renewal options. Roseville is a well-established suburban city in Macomb County, positioned 14 miles northeast of Detroit within the Detroit-Warren-Dearborn MSA and serves as Michigan's first Redevelopment Ready Certified Community. Strategically located at the intersection of I-94 and I-696, the city offers exceptional connectivity and features the historic Gratiot Avenue commercial corridor with hundreds of retailers including Macomb Mall, collectively attracting 6 million annual visits. The area maintains a stable population of approximately 47,600 residents with an average household income of $89,584 within a 1-mile radius, while benefiting from proximity to Detroit Metropolitan Airport, Port of Detroit, and extensive transportation infrastructure. Cracker Barrel, a publicly traded company (Nasdaq: CBRL) operating since 1969, maintains over 660 U.S. locations and generated $3.47 billion in revenue in fiscal year 2024. This offering presents an opportunity to acquire a high-performing retail asset with strong annual sales and healthy rent-to-sales ratio, occupied by a leading restaurant chain with zero landlord obligations in a dynamic, well-connected market.