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Cracker Barrel: Clinton, NJ 14 Frontage Rd 9,696 SF Retail Building Clinton, NJ 08809 $7,860,660 CAD ($810.71 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Annual Rent Increases
- Excellent Interstate Access & Visibility | I-78 (114,489 VPD)
- 43.3 Miles to Newark | 53 Miles to New York City
- Strong Performance
- Next to a 129-Room Hampton Inn hotel | Across from a retail node boasting tenants like Walmart, ShopRite, TJ Maxx, Verizon, etc.
- New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,696-square-foot Cracker Barrel Old Country Store positioned on 2.42 acres in Clinton, New Jersey -- part of the New York-Newark-Jersey City, NY-NJ-PA MSA (MSA Population: 20.0M+). 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
9,696 SF
Building Class
C
Year Built
1998
Price
$7,860,660 CAD
Price Per SF
$810.71 CAD
Cap Rate
5.75%
NOI
$451,988 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.42 AC
Zoning
C-N
Parking
132 Spaces (13.61 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00005-0000-00001-0000-C0001 | Improvements Assessment | $371,996 CAD |
| Land Assessment | $1,312,516 CAD | Total Assessment | $1,684,512 CAD |
PROPERTY TAXES
Parcel Number
10-00005-0000-00001-0000-C0001
Land Assessment
$1,312,516 CAD
Improvements Assessment
$371,996 CAD
Total Assessment
$1,684,512 CAD
CONTACTS
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
David Gavin -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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Cracker Barrel: Clinton, NJ | 14 Frontage Rd
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