Wichita Falls, TX - Cracker Barrel

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a absolute NNN, corporate guaranteed, Cracker Barrel investment property located in Wichita Falls, Texas. The tenant, CBOCS Texas, LLC recently signed a new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.50% rental increases every throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Cracker Barrel is a leading American family-dining restaurant chain, operating 650+ locations across 43 states as of September 2026

The property is located adjacent to Interstate 44, which averages 63,700 vehicles passing by daily and is a major connecting highway serving the city of Wichita Falls. Its location along a well-traveled corridor enhances accessibility and visibility, while the surrounding network of national and regional businesses helps reinforce the area’s appeal as a destination for dining, shopping, and travel-related services. In addition, the site
is strategically positioned adjacent to a Walmart Supercenter (2.6+ Million Annual Visits), helping increase consumer draw into the area. Furthermore, the asset is situated just across the highway from Atwoods General Store, which helps draw retail traffic to the subject property. Moreover, the site is located near Wichita Falls Regional Airport and Sheppard Air Force Base, providing access to additional sources of local and regional demand. The property is in a retail corridor with other nearby national/credit tenants including O’Reilly Auto Parts, McDonald’s, Murphy USA, Taco Bell, Denny’s, and more, further increasing consumer traffic to the site. As an established national restaurant brand, Cracker Barrel attracts both local residents and highway travelers, benefiting from its combination of dine-in service and retail offerings. The 5-mile trade area is supported by a population of over 56,200 with an average household income of $83,197.

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