1898 N Morristown Rd - Restaurant FOR SALE


Shelbyville, IN 46176
$3,992,656 USD
703-477-1315
1898 N Morristown Rd, Shelbyville, IN for Sale
$3,992,656 USD
Restaurant - FOR SALE
1/7
null | 5.75% Cap Rate

1898 N Morristown Rd
Shelbyville, IN 46176


HIGHLIGHTS

  • The subject property is an excellent performer with strong sales and a low rent-to-sales ratio.
  • Located approximately 23 miles southeast of downtown Indianapolis and 74 miles northwest of downtown Cincinnati.
  • Absolute NNN lease with annual increases.

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 9,966-square-foot Cracker Barrel Old Country Store situated on 3.17 acres in Shelbyville, IN - a component of the Indianapolis, IN MSA (population: 2.18M+). Cracker Barrel's absolute NNN lease features ±14.9 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

$3,992,656 USD

PRICE/SF

$401 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Shelbyville, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

156

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

C

APN/PARCEL ID

73-07-29-100-026.801-002

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 Notice.