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Cracker Barrel: Shelbyville, IN 1898 N Morristown Rd 9,966 SF Retail Building Shelbyville, IN 46176 $5,529,469 CAD ($554.83 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The subject property is an excellent performer with strong sales and a low rent-to-sales ratio.
- Absolute NNN lease with annual increases.
- Located approximately 23 miles southeast of downtown Indianapolis and 74 miles northwest of downtown Cincinnati.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 9,966-square-foot Cracker Barrel Old Country Store situated on 3.17 acres in Shelbyville, IN - a component of the Indianapolis, IN MSA (population: 2.18M+). 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,966 SF
Building Class
C
Year Built
1998
Price
$5,529,469 CAD
Price Per SF
$554.83 CAD
Cap Rate
5.75%
NOI
$317,944 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.17 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
156 Spaces (15.65 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 73-07-29-100-026.801-002 | Improvements Assessment | $1,084,246 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,084,246 CAD |
PROPERTY TAXES
Parcel Number
73-07-29-100-026.801-002
Land Assessment
$0 CAD
Improvements Assessment
$1,084,246 CAD
Total Assessment
$1,084,246 CAD
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Leah Lindell -
Cyrus Felfeli -
Katie Goldberg -
Abby Kelly -
Kaitlyn Wolf -
Kevin Broderick -
CBRE
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Cracker Barrel: Shelbyville, IN | 1898 N Morristown Rd
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