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    2697 Highwood Blvd Smyrna, TN 37167

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    For Sale
    $3,723,000

    NNN leased Cracker Barrel with 15 years remaining.

    Property size:
    10,052 SF
    Lot size:
    2.63 Acres

    Property Features for 2697 Highwood Blvd

    General Information

    Size
    10,052 SF
    Lot size
    2.63 Acres

    Source: JLL | Miami Agent Alex Sharrin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Smyrna TN Cracker Barrel For Sale

    This single-tenant Cracker Barrel property is located in Smyrna, TN. The tenant, Cracker Barrel, executed a 20-year absolute NNN lease in 2020, which includes 1.00% annual rental escalations. The lease currently has 15 years remaining, along with five, 5-year renewal options. The property has been occupied by Cracker Barrel for almost 16 years and has over 391,000 visits annually, ranking in the top 10% of all Cracker Barrels nationally, according to Placer.ai. The property is 10,052 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cracker Barrel Old ... American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.5741069
    Latitude
    35.9724916

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    FAQs

    What type of property is this?
    Conventional restaurant - NNN leased Cracker Barrel with 15 years remaining.
    Where is this conventional restaurant located?
    The property is located at 2697 Highwood Blvd Smyrna, TN.
    What is the asking price?
    The asking price for this property is $3,723,000.
    What are key features of this property?
    This property features: - Absolute NNN lease provides secure, long-term cash flow.; - Tenant is Cracker Barrel, a national brand with strong unit-level economics.; - **Lease has 15 years remaining with five, 5-year renewal options.**
    (305) 913-5545
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    2697 Highwood Blvd Smyrna, TN 37167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2697 Highwood Blvd Smyrna, TN 37167
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