Cracker Barrel - Jackson, TN

188 Vann Drive, Jackson, TN, 38305, US

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Cracker Barrel (the “Tenant”) at 188 Vann Drive, Jackson, TN (the "Property" or "Asset"). The Property is strategically located between Memphis and Nashville metropolitans in a high trafficked area along I-40 and U.S. Route 45 with a combined 81,000 VPD. Cracker Barrel has more than 660 locations across 44 states and reported nearly $3.5 billion in revenue during fiscal year 2024 which represents a 0.8% year-over-year increase. This Cracker Barrel location has been in Jackson, TN for 10+ years and ranks in the top 34% most visited in the state of Tennessee.

This investment opportunity offers a secure income stream backed by a nationally recognized brand with over five decades of operational success and continued revenue growth.

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Attributes

Building area net

929 m²

Land area gross

1.13 ha

Year built

1996

Asking price

THB 72,198,000

Cap rate

5.85%

Lease type

Absolute Triple Net

Remaining lease term

15 years

Media

Investment Highlights

7,000+ new jobs and $2.5B in investment over the past decade
2 miles away from a transformational mixed-use entertainment district
$101.7K strong average household income within 1 mile radius
Population of 70,000 within five-mile radius
2.8 acres situated on an oversized parcel
Established national tenant (Cracker Barrel) operating for over 55 years 15-year absolute NNN with zero landlord responsibilities
Adjacent to Interstate 40 (81,000 VPD)