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Cracker Barrel: Mount Holly, NJ 110 Hancock Ln 10,033 SF Retail Building Mount Holly, NJ 08060 $6,541,139 CAD ($651.96 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease | Annual Rent Increases
  • Excellent Interstate Access & Visibility | New Jersey Turnpike (84,022 VPD) | I-295 (110,205 VPD)
  • Proximate to Retail Powerhouses | Towne Crossing (414,254 SF) & Liberty Square Center (380,383 SF)
  • Strong Performance
  • Strategic Location | Surrounded by More Than 615 Hotel Rooms Within 1 Mile
  • Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA (MSA Population: 6.3M+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 10,033-square-foot Cracker Barrel situated on 4.68 acres in Mount Holly, New Jersey — part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA (MSA Population: 6.3M+). 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).

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,033 SF
Building Class
C
Year Built
1999
Price
$6,541,139 CAD
Price Per SF
$651.96 CAD
Cap Rate
5.75%
NOI
$376,115 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.68 AC
Zoning
C-N - Commercial Neighborhood
Parking
144 Spaces (14.35 Spaces per 1,000 SF Leased)
Frontage
42’ on Hancock Lane

NEARBY MAJOR RETAILERS

Applebee's
Cracker Barrel Old Country Store
TGI Fridays
IHOP
Starbucks
Freddy's Frozen Custard & Steakburgers
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
37-00905-0000-00001
Land Assessment
$1,743,545 CAD
Improvements Assessment
$1,629,543 CAD
Total Assessment
$3,373,088 CAD
  • Listing ID: 37738716

  • Date on Market: 2024-03-26

  • Last Updated:

  • Address: 110 Hancock Ln, Mount Holly, NJ 08060

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