Cracker Barrel NNN Restaurant
New
For Sale
$3,527,000
2400 Sierra Dr, Wichita Falls, TX 76306
The absolute NNN lease places taxes, insurance, and property maintenance with the tenant.
Property Size10,148 SF
Days on Market3
Property Features for 2400 Sierra Dr
General Information
Standard status
Active
Size
10,148 SF
Property subtype
Retail
Site & Location
Traffic Count
63,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Building Details
Building Size
10,148 SF
Year Built
2007
Listed By:
Jeff Gates
(415) 602-6339
Source:
Srsre
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 1:22PM
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 Jeff Gates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this Wichita Falls restaurant property is occupied by Cracker Barrel under an absolute NNN lease. CBOCS Texas, LLC signed a new 20-year term with four 5-year extension options, and Cracker Barrel Old Country Store, Inc. provides the corporate guaranty. Rent increases 1.50% annually during the initial term and extension periods. The tenant covers taxes, insurance, and property maintenance.
The property sits next to a Walmart Supercenter and Interstate 44, which carries an average of 63,700 vehicles daily. Atwoods General Store is across the highway. Other nearby national and credit tenants include O’Reilly Auto Parts, McDonald’s, Murphy USA, Taco Bell, and Denny’s. Wichita Falls Regional Airport and Sheppard Air Force Base are also in the surrounding area.
The property sits next to a Walmart Supercenter and Interstate 44, which carries an average of 63,700 vehicles daily. Atwoods General Store is across the highway. Other nearby national and credit tenants include O’Reilly Auto Parts, McDonald’s, Murphy USA, Taco Bell, and Denny’s. Wichita Falls Regional Airport and Sheppard Air Force Base are also in the surrounding area.
Key Highlights
- Absolute NNN lease with tenant responsibility for taxes, insurance, and property maintenance
- New 20‑year lease with four 5‑year extension options
- Corporate guaranty by Cracker Barrel Old Country Store, Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,843
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,860
$2.9M
Cap Rate 7%
$2,040,614
$2.0M
Cap Rate 9%
$1,587,144
$1.6M
Market Conditions
NOI Build-Up for 10,148 SF
Gross rent
$207.0K $20.40/SF
− Vacancy
−$16.6K −$1.63/SF
EGI
$190.5K $18.77/SF
− OpEx
−$47.6K −$4.69/SF
NOI
$142.8K $14.08/SF
Area
Wichita Falls, TX
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,860
Cap Rate 7%
$2,040,614
Cap Rate 9%
$1,587,144
Alternative Uses
Best Use
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,843 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.11M
$10.60M – $14.13M
NOI $847,770 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
63,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Dining 27%
Shops & Services 19%
Electronics 3%
Walmart
Superstores
84,056 visits/mo
0.1 miles
Murphy USA
Shops & Services
29,098 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
22,446 visits/mo
0.3 miles
Carl's Jr.
Dining
8,927 visits/mo
0.3 miles
Jack in the Box
Dining
6,585 visits/mo
0.2 miles
Demographics for 76306, TX
14,664
Population
6,529
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
17.1 sq mi
ZIP Area
858
Density / Sq Mi
$47,004
Median Household Income
$35,005
Median Earnings
$884
Median Rent
$105,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The absolute NNN lease places taxes, insurance, and property maintenance with the tenant.
Where is this nnn property located?
The property is located at 2400 Sierra Dr Wichita Falls, TX.
What is the asking price?
The asking price for this property is $3,527,000.
What are key features of this property?
This property features: Absolute NNN lease with tenant responsibility for taxes, insurance, and property maintenance; New 20‑year lease with four 5‑year extension options; Corporate guaranty by Cracker Barrel Old Country Store, Inc.
