Carrabba's Italian Grill For
For Sale
Contact for pricing
1900 N Haggerty Rd, Canton, MI 48187
6,511 SF restaurant on 1.98 acres in Canton, MI.
Property Size6,511 SF
Lot Size1.98 Acres
Price / SF$536.51
Days on Market163
Property Features for 1900 N Haggerty Rd
General Information
Standard status
Active
Size
6,511 SF
Lot size
1.98 Acres
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$232,295
Building Details
Year Built
2002
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Mar 26
Changed: Aug 13
Last Checked: Sep 2 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
The property is a 6,511-square-foot Carrabba’s Italian Grill situated on 1.98 acres in Canton, Michigan, which is a component of the Detroit-Warren-Dearborn, MI MSA. The restaurant has approximately 16.2 years of primary lease term remaining, along with four 5-year renewal options. The lease is absolute NNN, and includes a corporate guaranty from Bloomin’ Brands, Inc. The lease agreement specifies that each year, the rent will increase by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. The store has a long operating history with strong sales, and since 2019, sales have increased 18%.
Key Highlights
- Absolute NNN lease requiring minimal landlord responsibilities.
- Corporate guaranty from Bloomin’ Brands, Inc.
- ±6.2 years of primary lease term remaining** with four 5‑year renewal options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
283k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Home Improvements & Furnishings 35%
Shops & Services 11%
Hotels & Casinos 3%
IKEA
Home Improvements & Furnishings
97,826 visits/mo
0.5 miles
Buffalo Wild Wings
Dining
23,704 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
17,418 visits/mo
0.4 miles
Wendy's
Dining
15,833 visits/mo
0.3 miles
Starbucks
Dining
14,528 visits/mo
0.4 miles
Demographics for 48187, MI
52,498
Population
20,548
Households
2.6
Avg Household Size
39
Median Age
53%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
2,900
Density / Sq Mi
$117,980
Median Household Income
$60,137
Median Earnings
$1,435
Median Rent
$341,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 6,511 SF restaurant on 1.98 acres in Canton, MI.
Where is this conventional restaurant located?
The property is located at 1900 N Haggerty Rd Canton, MI.
What is the asking price?
The asking price for this property is $3,493,200.
What are key features of this property?
This property features: Absolute NNN lease requiring minimal landlord responsibilities.; Corporate guaranty from Bloomin’ Brands, Inc.; ±6.2 years of primary lease term remaining** with four 5‑year renewal options.
