1845 S Roane St, Harriman, TN
Ground lease with zero landlord responsibilities and 10+ years remaining.
- Added:
- Dec 14, 2023
- Days on Market:
- 913
- Last Refresh:
- May 20 at 9:03 pm
Property Features for 1845 S Roane St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 2.22 Acres
- Property subtype
- RETAIL
Listing agent Matthew Simmons
Listing office Trinity Real Estate Investment Services - Corporate (817) 304-8916
Listing date Dec 14, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate
HighLights
- Corporately guaranteed by Cracker Barrel Old Country Store, Inc.
- Ground lease requiring zero landlord responsibilities.
- Cracker Barrel Old Country Store restaurant with 10+ years remaining on the lease.
- Attractive 13.75% rental increase to occur in September 2028.
- Excellent visibility from US Hwy 27.
- Healthy 5‑mile demographics with 21,838+ residents.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.0k | $23.40 |
| − Vacancy | −$10.5k | −$1.05 |
| EGI | $223.5k | $22.35 |
| − OpEx | −$55.9k | −$5.59 |
| NOI | $167.6k | $16.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Longitude
- -84.5941
- Latitude
- 35.9039
