Cracker Barrel
8852 OLD LEE HWY, Ooltewah, TN 37363
For Sale
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The property is leased under an absolute NNN structure with a corporate guaranty and annual rent increases.
Property Size10,141 SF
Lot Size2.52 Acres
Price / SF$296.03
Days on Market37
Property Features for 8852 OLD LEE HWY
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Highway Access
Tenant in Place
Listing Agency:
Orion Real Estate Group
Listed By:
Duane Comprosky · License TN BK3279960
Source:
Crexi
Added: Oct 6
Changed: Nov 10
Last Checked: Nov 10 at 2:25PM
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 Orion Real Estate Group
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Investment Insights
Based on property information with market context.
The Cracker Barrel restaurant occupies a 10,141-square-foot building on a 2.52-acre fee-simple parcel. The property has 157 parking spaces and is subject to an absolute NNN lease with Cracker Barrel Old Country Store, Inc. providing the corporate guaranty. The lease has a 20-year term, 1.5% annual rent increases, and four five-year renewal options.
At 8852 Old Lee Highway in Ooltewah, the property is minutes from the I-75 interchange. Reported traffic counts are approximately 89,092 vehicles per day on I-75 and 38,192 vehicles per day along Lee Highway.
At 8852 Old Lee Highway in Ooltewah, the property is minutes from the I-75 interchange. Reported traffic counts are approximately 89,092 vehicles per day on I-75 and 38,192 vehicles per day along Lee Highway.
Key Highlights
- 10,141‑square‑foot restaurant on a 2.52‑acre fee‑simple parcel
- Absolute NNN lease with a 20‑year term and corporate guaranty
- 1.5% annual rent increases and four 5‑year renewal options
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 37363, TN
41,120
Population
16,584
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
684
Density / Sq Mi
$94,873
Median Household Income
$50,180
Median Earnings
$1,495
Median Rent
$349,600
Median Home Value
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Market
Average Price Trend$/SF for Restaurants in Hamilton County, TN
Properties on Market for Restaurants in Hamilton County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Firehouse Subs Wolftever Crossing — 9032 Old Lee Hwy #114, Ooltewah, TN 37363
- Publix Catering at Snow Hill Village — 5958 Snow Hill Rd #168, Ooltewah, TN 37363
Frequently Asked Questions
What type of property is this?
Restaurant - The property is leased under an absolute NNN structure with a corporate guaranty and annual rent increases.
Where is this restaurant located?
The property is located at 8852 OLD LEE HWY Ooltewah, TN.
What is the asking price?
The asking price for this property is $3,002,070.
What are key features of this property?
This property features: 10,141‑square‑foot restaurant on a 2.52‑acre fee‑simple parcel; Absolute NNN lease with a 20‑year term and corporate guaranty; 1.5% annual rent increases and four 5‑year renewal options
