1821 Remount Rd - Restaurant FOR SALE


Gastonia, NC 28054
$3,228,922 USD
703-477-1315
1821 Remount Rd, Gastonia, NC for Sale
$3,228,922 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

1821 Remount Rd
Gastonia, NC 28054


HIGHLIGHTS

  • Strong sales and a low rent-to-sales ratio.
  • Top 10% of Cracker Barrel locations nationwide
  • Dynamic Demographics with Population of 54,550 & Average Annual Household Income of $79,944 within a 3-mile radius

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 8,992-square-foot Cracker Barrel Old Country Store situated on 1.69 acres in Gastonia, North Carolina (MSA Population: 2.87 M). Cracker Barrel's absolute NNN lease features ±15.0 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,228,922 USD

PRICE/SF

$359 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Gastonia, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,464 SF

ZONING

-

APN/PARCEL ID

119599

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.