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Cracker Barrel Properties For Sale 

    



Interested in Purchasing a Cracker Barrel Property for Investment?

 

If you wish to purchase a Cracker Barrel  property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net lease  Cracker Barrel Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

 

Cracker Barrel

 

 
Price: 

$3M - $5M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
5% – 6%
Name Cracker Barrel 
Public
Traded as NASDAQCBRL
Industry Restaurants
Founded September 19, 1969
Founder Dan Evins
Headquarters Lebanon, Tennessee,United States
Number of locations 
630
Area served 
United States
Key people 
Michael A. Woodhouse (Director & Executive Chairman)
Sandra B. Cochran (President 
CEO) [1]
Revenue US$$2.580 billion (2012)[2]
US $190.98 million (2012)[2]
US $103.08 million (2012)[2]
Total assets US $340.96 million (2012) [3]
Total equity US $305.88 million (2012) [3]
Number of employees 
70,000
Website www.crackerbarrel.com

       

 

About Cracker Barrel:

Cracker Barrel Old Country Store, Inc. is an American chain of combined restaurant and gift stores with a Southern country theme. The company was founded by Dan Evins in 1969; its first store was in Lebanon, Tennessee, which remains the company headquarters. The chain's stores were at first positioned near Interstate highway exits in the Southeastern and Midwestern US, but it has expanded across the country during the 1990s and 2000s. As of September 18, 2012,[4] the chain operates 630 stores in 42 states.

Cracker Barrel's menu is based on traditional Southern cuisine, with appearance and decor designed to resemble an old-fashioned general store. Each restaurant features a front porch lined with wooden rocking chairs, a stone fireplace, and decorative artifacts from the local area. Cracker Barrel is known for its partnerships with country music performers. It has received attention for its charitable activities, such as its assistance of victims of Hurricane Katrina and injured war veterans.

During the 1990s, the company was the subject of controversy for its official stance against gay and lesbian employees and for discriminatory practices against African American and female employees. AU.S. Department of Justice(USDOJ) investigation found that Cracker Barrel discriminated against minority customers; patrons complained of racially segregatedseating and service quality. In an agreement with the USDOJ, Cracker Barrel has implemented non-discrimination policies and pledged to focus on improving minority representation and civic involvement, particularly in the black community. Company shareholders added sexual orientation to the company's non-discrimination policy in 2002.

Cracker Barrel was founded in 1969 by Dan Evins, a sales representative for Shell Oil, who developed the restaurant and gift store concept initially as a plan to improve gasoline sales.[5] Designed to resemble the traditional country store that he remembered from his childhood, with a name chosen to give it a Southern country theme, [6] Cracker Barrel was intended to attract the interest of highway travelers.[5] The first restaurant was built close to Interstate 40, in Lebanon, Tennessee.[7] It opened in September 1969,[8]  serving Southern cuisine including biscuits, grits, country ham, and turnip greens.[7] 

Evins incorporated Cracker Barrel in February 1970,[5] and soon opened more locations. In the early 1970s, the firm leased land on gasoline station sites near interstate highways to build restaurants. [6] These early locations all featured gas pumps on-site; during gasoline shortages in the mid to late 1970s, the firm began to build restaurants without pumps.[5] Into the early 1980s, the company reduced the number of gas stations on-site, eventually phasing them out altogether as the company focused on its restaurant and gift sales revenues.[8] Cracker Barrel became a publicly traded company in 1981 to raise funds for further expansion.[5] [7] It floated more than half a million shares, raising $4.6 million.[6] Following the initial public offering, Cracker Barrel grew at a rate of around 20 percent per year;[9] by 1987, the company had become a chain of more than 50 units in eight states, with annual net sales of almost $81 million.[5] 

 

Cracker Barrel Wholesale Corp Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 

 

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