Cracker Barrel

• Rental Increases: The site offers its landlord attractive 10% rental increases every 5 years to provide a hedge against inflation, equity preservation in the property, and increases in net cash flow.
• Recent Renewal: Cracker Barrel extended the lease by 10 years in 2020 in exchange for an additional option period, showing their long-term commitment to the site.
• National Tenant: Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) is a nationally recognized restaurant and retail brand with 650+ locations across 44 states, offering a unique combination of full-service dining and country-store retail.
• Strategic Location: The property is strategically positioned near Chaplin Hill Road seeing ±34,000 vehicles per day. The property is adjacent to the Fairfield by Marriott Inn & Suites, featuring 95 rooms and is surrounded by two additional hotels totaling 222 rooms. This location benefits from strong proximity to West Virginia University and surrounding retail corridor.
• University Town: Located approximately 3 miles from West Virginia University, which serves 26,000+ students. WVU features 12 residence halls across three campus areas, along with university-managed apartment communities, creating a significant student population within the surrounding market.
• Strong Retail Corridor: Located within University Town Centre, a premier retail corridor featuring major national retailers including Walmart, Sam’s Club, Target, Best Buy, Dick’s Sporting Goods, Giant Eagle Supermarket, and nearby Menards and Academy Sports + Outdoors.
• Strong Demographics: Within a 5-mile radius, the property benefits from a population of approximately 69,348 residents and an average household income of $87,830, demonstrating a large and economically stable consumer base.