1839 Roane St Harriman, TN 37748
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.
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Cracker Barrel Old Country Store Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.