Pinnacle Bank - Raleigh, NC (Falls of Neuse Rd)
4525 Falls of Neuse Road, Raleigh, NC, 27609, US
$2,350,000 | 4,248 sf
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Cracker Barrel Old Country Store, Inc (the “Tenant”) at 5 Crowell Road in Asheville, NC (the “Property”). The Property is located just 10 minutes from downtown Asheville in a high trafficked area along I-40 and Smokey Park HWY with a combined 123,000 VPD. Net sales at the subject location total $3.5 million annually resulting in a 4.19% rent-to-sales and a 2.98x EBITDAR coverage ratio.
Positioned strategically in Ashville’s strong retail, hospitality, and residential corridor with excellent visibility from major highways, this absolute NNN Cracker Barrel 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
10,976 sf
Year built
1992
Land area gross
3.86 acres
Asking price
$2,532,000
Cap rate
5.85%
Lease type
Absolute Triple Net
NOI
$149,000
Remaining lease term
15 years
Media
Investment highlights
• Adjacent to 4 hotels (300+ keys) and 500 multifamily units
• 10 Miles away from Downtown Asheville, NC
• Strong average household income of $111K within 3-mile radius
• Population of 70,000 within five-mile radius
• 3.86 Acres situated on an oversized parcel
• Established National Tenant (Cracker Barrel) operating for over 55 years
• Absolute NNN with Zero Landlord Responsibilities
• Adjacent to Interstate 40 & Along Smoky Park HWY with a combined 123,000 VPD
Contact brokers
Ares - Cracker Barrel - Asheville (0 Properties)
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Last updated
Jul 24, 2025
