Carrabba's Italian Grill: Waldorf, MD | 3754 Crain Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Carrabba's Italian Grill: Waldorf, MD 3754 Crain Hwy
6,187 SF Retail Building Waldorf, MD 20603 $7,309,983 CAD ($1,182 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Absolute NNN lease with ±7.6 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc.
- This location boasts a long operating history with strong store sales. Since 2019, sales have increased 19%.
- Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
- Washington, D.C. MSA - Located 20 Miles from Downtown D.C.
Executive Summary
The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 6,187-square-foot freestanding Carrabba’s Italian Grill situated on 1.21 acres in Waldorf, MD—an affluent bedroom community of the Washington, D.C. MSA (Population: 6.3 million+). Carrabba’s absolute NNN lease features ±7.6 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc. Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. This location boasts a long operating history with strong store sales. Since 2019, sales have increased 19%.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,187 SF
Building Class
B
Year Built
2007
Price
$7,309,983 CAD
Price Per SF
$1,182 CAD
Cap Rate
6.65%
NOI
$486,113 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
1.21 AC
Zoning
CC
Parking
86 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
268 ft on Crain Hwy Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-282512 | Improvements Assessment | $5,524,552 CAD |
| Land Assessment | $1,110,860 CAD | Total Assessment | $6,635,412 CAD |
PROPERTY TAXES
Parcel Number
06-282512
Land Assessment
$1,110,860 CAD
Improvements Assessment
$5,524,552 CAD
Total Assessment
$6,635,412 CAD
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
Power Broker Ryan Sciullo -
CBRE, Inc.
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Carrabba's Italian Grill: Waldorf, MD | 3754 Crain Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.