Cracker Barrel Old Country Store Inc. announced July 20 it completed a sale-leaseback transaction with an undisclosed institutional real estate investor involving 26 company-owned Cracker Barrel locations, with two Northeast Florida stores appearing to be part of the agreement.
The real estate transaction for the Cracker Barrel at 4272 Eldridge Loop in Orange Park closed July 14, and the transaction for a second location at 4680 Lenoir Ave. in Jacksonville closed July 17. Deeds for both properties were recorded July 22, showing the Orange Park store sold for $3.2 million and the Jacksonville store sold for $3.1 million, a combined $6.3 million.
Through NS Retail Holdings LLC, the buyer was Dallas-based NETSTREIT Corp., a real estate investment trust specializing in acquiring, owning and managing a nationwide portfolio of single-tenant and net-lease retail commercial real estate, according to the company…