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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1839 Roane St Harriman, TN 37748

10,000 SF 2.21 ac lot Built 1998
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 10,000 square foot Cracker Barrel Old Country Store located at 1839 S Roane St, Harriman, Tennessee 37748. The property sits on a 2.21-acre lot and boasts a strong 5.00% cap rate, generating a net operating income (NOI) of $127,836. The property is a ground lease, eliminating all landlord responsibilities. The lease is a corporate guaranteed Net Lease with Cracker Barrel Old Country Store, Inc., offering exceptional security. The current lease term extends until August 31, 2033, with a substantial 8.8 years remaining. Four 5-year lease options are included, providing long-term stability. Built in 1998, the property benefits from a 100% occupancy rate and a price per square foot of $255.67. A significant rent increase of 13.75% is scheduled for September 1, 2028. The property enjoys excellent visibility from US Hwy 27, attracting both travelers and local customers. Its strategic location near other national tenants further enhances its appeal. This investment offers a secure, high-yield return with minimal management requirements. The asking price is $2,556,720.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1998
Total area 10,000 SF
Lot 2.21 ac (96,268 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cracker Barrel Old Country Store Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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