14 Frontage Dr - Restaurant FOR SALE
Clinton, NJ 08809 |
$5,648,778 USD
203-610-1541
14 Frontage Dr
Clinton, NJ 08809
HIGHLIGHTS
- 16+ years remaining with 10, five year options providing long term passive control.
- Situated along Route 78, seeing over 100,000+ cars per day directly adjacent to the property.
- The lease is guaranteed by a publicly traded restaurant brand (NASDAQ: CBRL)
- Located in an affluent area with an the average household income of $162,000 within a 3 mile radius.
- The store exhibits strong underlying store-level performance metrics, boasting a rent to sales ratio of 6%.
- Situated next to national anchors such as Walmart Supercenter and T.J. Maxx.
FOR SALE DETAILS
PRICE
$5,648,778 USD
PRICE/SF
$583 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cracker Barrel Old Country Store
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.42 AC
LAND SF
105,415 SF
ZONING
CN
APN/PARCEL ID
10-00005-0000-00001-0000-C0001
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203-610-1541
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203-610-1541
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