14 Frontage Rd Clinton, NJ 08809-1270

Property Details for 14 Frontage Rd

Lot size

2.42 lot acres

Zone code

C-N

Property type

Turn key restaurants

APN

10 00005-0000-00001-0000-C0001

APU

10000050000000010000C0001

Description

This exceptional investment opportunity presents a 9,696 square foot Cracker Barrel Old Country Store located at 14 Frontage Rd, Clinton, NJ 08809. The property sits on a 2.42-acre lot and boasts a strong 5.65% cap rate, generating a substantial net operating income (NOI) of $319,156. The property benefits from a long-term, absolute NNN lease with a publicly traded company (NASDAQ: CBRL), providing significant financial stability and passive income. The lease features 1% annual rent bumps and includes 10, five-year options, ensuring a secure investment for years to come. Situated along Route 78, with over 100,000 vehicles passing daily, the property enjoys excellent visibility and accessibility. The location is further enhanced by its proximity to major retailers such as Walmart Supercenter and T.J. Maxx, drawing significant foot traffic. The surrounding area demonstrates strong demographics, with an average household income exceeding $162,000 within a 3-mile radius. The Cracker Barrel location itself exhibits robust performance, reflected in a healthy 6% rent-to-sales ratio. This is a rare opportunity to acquire a high-performing, passively managed, net-leased property with a nationally recognized brand in a prime location. The asking price is $5,648,778, translating to $582.59 per square foot. The property is currently 100% occupied. This investment offers a compelling combination of strong cash flow, long-term stability, and significant upside potential.

Location Insight

City

Clinton

County

Hunterdon

State

New Jersey

Longitude

-74.9188

Latitude

40.6288

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments