Trophy Cracker Barrel

RDO Investments is pleased to present a fee simple, single tenant, 9,662 square foot Cracker Barrel located in Phoenix, Arizona. The property was constructed in 1998 and was previously owned by Cracker Barrel. In 2020, Cracker Barrel completed a multi-store sale leaseback and signed a RARE 20 YEAR LEASE. The property is strategically located directly off Interstate 10 on Chandler Boulevard which is the first major off ramp from traffic coming from Tucson. The property is at a high traffic location with over 171,263 VPD on Interstate 10 and over 42,617 CPD on Chandler Boulevard. The site has visibility from both the Interstate and Chandler Boulevard. The lease is structured with one percent annual rental increases throughout the primary term and four, 5-year renewal options. The lease is Absolute NNN with no landlord responsibilities whatsoever. Cracker Barrel, which is publicly traded on the NASDAQ under the ticker symbol “CBRL”, reported annual revenues in excess of $3.442 billion in 2023 and a Market Cap of $1.264 billion as of May 2024.