What kind of lease does Cracker Barrel do?
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[{"id": "eky19e5", "text": "Just contact them, ask them for their \"Site Requirements\" and that you want to see if your firm has anything in their portfolio and when they ask, tell them you will look and get back to them (unless you have something).", "replies": [], "depth": 1}, {"id": "ekyfo3f", "text": "Cracker Barrel owns about 2/3 of their locations (land and building).  The only unique thing I can think of is that they don't do franchises, so any of the locations they do lease comes with a corporate guarantee.  I don't think their leases are anything more than the standard tenant lease, but because they are all corporate owned there is probably a much lower chance of the location going out of business than a random franchise restaurant owner.", "replies": [{"id": "ekyo8gc", "text": "yeah, this.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ekygu05", "text": "Read their 10K and learn about the company\n\nOf the 655 stores open as of September 20, 2018, we own the land and buildings for 421, while the other 234 properties\nare either ground leases or ground and building leases. Land costs for stores opened during 2018 averaged $1,164 per\nsite if owned. Building, site improvement, furniture, equipment and related development costs for stores opened during 2018\naveraged $4,356. Pre-opening costs averaged $579 per store in 2018. \n\nhttps://investor.crackerbarrel.com/static-files/622a65be-c8d6-475d-81da-f7695fbafe45", "replies": [], "depth": 1}, {"id": "ekylvw0", "text": "A long lease would get you paid", "replies": [], "depth": 1}, {"id": "ekzc0wh", "text": "You can call up their corporate real estate department and ask for their requirements like previously said\n\nAlso in cre most brokers charge a percentage of the value of the lease. So the longer the lease term, the higher the commission \n\nIf they don\u2019t own each individual property I\u2019m assuming they do a long term (15-20 years ) triple net ground lease with options .. make sure to get paid on options !!", "replies": [], "depth": 1}, {"id": "ekzl7ro", "text": "This seems like the start of a slightly racist joke...", "replies": [], "depth": 1}]