5311 Frederica St - Restaurant FOR SALE


Owensboro, KY 42301
$4,065,925 USD
404-504-7900
5311 Frederica St, Owensboro, KY for Sale
$4,065,925 USD
Restaurant - FOR SALE
1/12
null | 5.75% Cap Rate

5311 Frederica St
Owensboro, KY 42301


HIGHLIGHTS

  • Absolute NNN Lease with Annual Rent Increases
  • Strong Performance | Low Rent-To-Sales Ratio
  • Top-Visited Location | By visits, this location ranks among the top 22% of Cracker Barrel locations nationwide & top 30% throughout KY (Placer.ai)
  • Excellent Access & Visibility | 5 Miles South of the Indiana-Kentucky State Border
  • Outparcel to State-of-the-Art Film Production Complex | Kentucky Sound Stage Facility
  • Owensboro, KY MSA (Population: 113,387+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 9,970-square-foot Cracker Barrel Old Country Store positioned on 3.02 acres in Owensboro, Kentucky (MSA Population: 113,387). 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 (six fixed renewal terms, followed by four FMV renewal terms).

FOR SALE DETAILS

PRICE

$4,065,925 USD

PRICE/SF

$408 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel: Owensboro, KY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,551 SF

ZONING

-

APN/PARCEL ID

003-12-29-001-H0-000

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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