1839 Roane St Harriman, TN 37748
- Retail properties
- 10,000 SF
- 2.21 lot acres
Current Use by Public Records
- Cracker Barrel Old Country Store / Breakfast Restaurant / Gift Shop
Property Details for 1839 Roane St
- Year built
- 1998
- Lot size
- 2.21 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Longitude
- -84.5923
- Latitude
- 35.9059
