Interested in selling your Cracker Barrel NNN property or Cracker Barrel lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Cracker Barrel NNN property for sale or Cracker Barrel ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Cracker Barrel NNN property or the inclusion of a Cracker Barrel ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Cracker Barrel properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Cracker Barrel Restaurant has over 650 locations across the United States.
Revenue and income
In 2022, Cracker Barrel Restaurant’s total revenue was $3.5 billion. Net income was $220 million.
Future plans
Cracker Barrel Restaurant plans to continue its steady growth and expansion in the coming years. The company aims to open approximately 50 new locations in 2023, focusing on strategic areas to broaden its reach and customer base. Additionally, Cracker Barrel is exploring ways to enhance customer experience through technology and menu innovations.
Corporate vs. franchise
All Cracker Barrel Restaurant locations are corporate-owned. The company follows a centralized management approach to maintain consistent quality and service across its establishments
Additional information Cracker Barrel Properties
Cracker Barrel Restaurant was founded in 1969 in Lebanon, Tennessee.
Cracker Barrel Restaurant boasts Southern country-themed restaurants that provide a distinctive dining experience and include a retail store offering a wide range of country-themed merchandise.
Cracker Barrel Restaurant is known for its comfort food and famous dishes like country-fried steak, biscuits, and cornbread.
Cracker Barrel Restaurant places a strong emphasis on customer satisfaction and has garnered numerous awards for its exceptional service and hospitality.
Cracker Barrel History
Cracker Barrel Restaurant traces back to 1969 when Dan Evins opened the first store in Lebanon, Tennessee. The concept involved providing a unique dining experience, combining Southern hospitality with a country store ambience. The restaurant’s name was inspired by the practice of placing barrels of soda crackers in old country stores. Cracker Barrel quickly gained popularity, becoming a favourite stop for travellers seeking homestyle comfort food and genuine Southern charm. Over the years, the restaurant expanded its presence across the United States, solidifying its position as a beloved American brand.
Why Invest in Ground Lease and NNN Lease of Cracker Barrel?
Investing in Cracker Barrel’s ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Cracker Barrel NNN Property Investment: Stable income
Cracker Barrel Restaurant has a solid and loyal customer base, making it a reliable tenant. The restaurant’s nostalgic appeal and comfort food offerings increase its enduring popularity.
2) Cracker Barrel NNN Property Investment: Established tenant
Ground and NNN leases with Cracker Barrel provide consistent rental income, offering investors stable cash flows.
3) Cracker Barrel NNN Property Investment: Low management responsibility
Under NNN leases, the tenant assumes responsibility for property maintenance and operating expenses, relieving the landlord of the management burden.
4) Cracker Barrel NNN Property Investment: Favorable lease terms
Cracker Barrel often signs long-term leases with built-in rent escalations, providing investors with predictable income and potential rental growth.
5) Cracker Barrel NNN Property Investment: Real estate value
Cracker Barrel restaurants are strategically located near highways and popular tourist destinations, which can enhance the property’s value and attract steady foot traffic.
Pros and Cons of Cracker Barrel Ground Lease and NNN Lease Investment
Pros:
1. Reliable income from an established and beloved brand.
2. Limited landlord responsibilities under NNN leases.
3. Long-term lease stability with potential rent growth.
4. Strategic locations with high foot traffic.
Cons:
1. Lease renewal risk when the term expires.
2. Exposure to fluctuations in the restaurant industry and consumer preferences.
3. The potential impact of economic downturns on restaurant performance.
4. Limited control over property decisions.
Making sound real estate investment decisions that match your investment goals and risk tolerance requires a diligent approach. Conducting comprehensive due diligence, evaluating location and tenant strength, and seeking expert guidance is crucial. By taking these measures, you can ensure that you make well-informed choices in your real estate investments, maximizing the potential for success and minimizing risks.