1948 Rockford St - Freestanding FOR SALE


Mount Airy, NC 27030
$2,700,000 USD
407-288-7222
1948 Rockford St, Mount Airy, NC for Sale
$2,700,000 USD
Freestanding - FOR SALE
1/1
null | 5.5% Cap Rate

1948 Rockford St
Mount Airy, NC 27030


HIGHLIGHTS

  • OUTSTANDING CORRIDOR - Outparcel to Lowe's & Food Lion, next door to McDonald's to the north and Cook Out to the south and AutoZone across the street
  • CORPORATE TENANT - NYSE: CBRL publicly-traded tenant based in Lebanon, TN in operation since 1969 with 658 stores iin 44 states, $3.47 B Revenue
  • GREAT VALUE - Market rent of $20 per Duck Donuts & UPS rental rates and subject site is 25%below market rents at less than $15 PSF rent and 1.63 acres
  • NONSTOP AIRPORTS - 56 minutes northwest of Piedmont Triad International Airport in Greensboro, NC, 1 hour 35 minutes north of Charlotte Douglas

OVERVIEW

Franklin Street is pleased to present this single-tenant corporate national leading-brand famiily restaurant property located in the Winston-Salem MSA 37 miles northwest of the Central Business district and 104 miles north of the Charlotte Douglas International Airport. The Cracker Barrel has a solid following as an outparcel to Lowe's and Food Lion, the 133-bed Northern Regional Hospital across the intersection to the north, next door to McDonald's to the north, Cook Out to the south and AutoZone across the street to the west. Cracker Barrel is the preferred sit-down breakfast option in the market with the only other one being the Wa?e House 0.7 miles to the south. The property is situated less than a mile north of the Surry Community College with 3,900 students. The subject property is also on the primary commuter road Highway 52 going to and from Winston-Salem and just north of interstate 74. According to the most recent 2024 SEC audited 10K annual report, Cracker Barrel had total revenue of $3.470 billiion and net income of $40.930 million. As of 2024, Cracker Barrel operates over 685 locations in 44 states and 68 Maple Street Biscuit Company stores in 10 states with over 77,600 employees, and average store revenue volumes for 2024 at$5,157,300 with $4,133,000 in restaurant revenue and $1,024,300 in retail revenue. Twenty-five to thirty stores will be fully remodeled and 25-30 stores will be refreshed in 2025 per the Annual Report.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

M1

APN/PARCEL ID

5929-07-58-1844

ASK ABOUT THIS PROPERTY

James ReaFranklin StreetMore Info
407-288-7222

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James ReaFranklin StreetMore Info
407-288-7222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.