Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2700 SE Federal Hwy Stuart, FL 34994

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,539,455

    NNN leased Carrabba's in Stuart, Florida with long-term corporate guarantee.

    Property size:
    7,123 SF
    Lot size:
    1.60 Acres

    Property Features for 2700 SE Federal Hwy

    General Information

    Standard status
    Active
    Size
    7,123 SF
    Lot size
    1.60 Acres

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    Doug Aronson
    Doug Aronson
    Source: Crexi

    Listing Agency: S.L. Nusbaum Realty Co Listing Agent: Doug Aronson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Carrabba's Italian Grill Investment Opportunity

    The property at 2700 SE Federal Highway in Stuart, Florida, is leased to Carrabba’s Italian Grill, which has operated at this location for nearly 20 years. The tenant signed a new 15-year lease in 2017, featuring annual rent increases throughout the term and during option periods. The lease is corporately guaranteed by Bloomin’ Brands, a publicly traded company (NASDAQ: BLMN) that includes Outback Steakhouse, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar. The building has a size of 7,123 square feet and sits on approximately 1.60 acres along heavily traveled Federal Highway (US-1), a major retail corridor with shopping centers, car dealerships, and national retailers. More than 3000 apartments are within a 3-mile radius of the restaurant, including 10X Harbour Cay (272 units), which is within walking distance. The lease is Absolute NNN with zero landlord responsibilities.
    Location Intelligence

    Current Use by Public Records

    Southern Cotton Clothing Store What Lifts You ... Resort Carrabba's Italian Grill Restaurant Miracle Plaza of Stuart Shopping Center & Mall Carside Carry-Out. Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2703558
    Latitude
    27.2381274

    Nearby Similar for Sale

    • $950,000
      6,900 SF

      Stuart Commercial/Industrial Opportunity For Sale

      Versatile 6,900 sq ft property in central Stuart location.
      3173 SE Railroad Ave, Stuart, FL 34997
      View Details
    • $12,999,000
      6,400 SF

      Stuart Marina, Office/Retail Opportunity

      Prime retail space in Stuart, Florida, operating as boat sales.
      250 SW Monterey Rd, Stuart, FL 34994
      View Details
    • $469,900
      703 SF

      New Office Space in Stuart

      Premium office space in waterfront luxury condominium, Stuart, Florida.
      41 SW Seminole St, Stuart, FL 34994
      View Details
    • $315,000
      Pending

      Stuart Warehouse/Office Space For Sale

      Warehouse/Office space with air-conditioned office, high ceilings, and overhead door.
      1501 SE Decker Ave, Stuart, FL 34994
      View Details
    • $1,690,000
      1,500 SF

      Waterfront Property in Stuart, Florida

      Waterfront property near downtown Stuart with redevelopment potential.
      4575 SE Dixie Hwy, Stuart, FL 34997
      View Details
    • $599,900
      0.03 Acres

      Office Condo in Willoughby Center

      Centrally located office condo with rental income potential.
      2682 SE Willoughby Blvd, Stuart, FL 34994
      View Details
    • $2,150,000
      0.51 Acres

      Downtown Stuart Commercial Buildings For Sale

      Two buildings in downtown Stuart suitable for office or retail.
      300 SE Detroit Ave, Stuart, FL 34994
      View Details
    • $1,750,000
      0.36 Acres

      Renovated Multi-Use Commercial Property

      Renovated multi-use commercial property in Stuart, Florida, with flexible layout.
      416 SE Flamingo Ave, Stuart, FL 34996
      View Details
    • Contact for pricing
      703 SF

      Premium Office Space in Stuart

      Waterfront luxury condominium office space in the heart of Stuart.
      41 SW Seminole St, Stuart, FL 34994
      View Details
    • $7,250,000
      1.12 Acres

      Waterfront Property in Downtown Stuart

      Rare waterfront property with redevelopment potential in downtown Stuart, Florida.
      221 SE Osceola St, Stuart, FL 34994
      View Details
    • $3,699,999
      0.52 Acres

      Waterfront Parcel in Manatee Pocket

      Rare waterfront property with direct Intracoastal and ocean access.
      4345 SE Mulford Ln, Stuart, FL 34997
      View Details
    • $2,750,000
      0.37 Acres

      Stuart Industrial Building For Sale

      100% occupied industrial building with NNN lease near Downtown Stuart.
      1251 SE Dixie Cutoff Rd, Stuart, FL 34994
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - NNN leased Carrabba's in Stuart, Florida with long-term corporate guarantee.
    Where is this conventional restaurant located?
    The property is located at 2700 SE Federal Hwy Stuart, FL.
    What is the asking price?
    The asking price for this property is $3,539,455.
    What are key features of this property?
    This property features: - Long-term lease with Carrabba's Italian Grill (nearly 20 years operating history at this location).; - New 15-year lease signed in 2017 with annual rent increases.; - Corporate guarantee by Bloomin' Brands (NASDAQ: BLMN).
    (757) 282-6510
    Request Owner's contact information
    2700 SE Federal Hwy Stuart, FL 34994
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2700 SE Federal Hwy
    Stuart, FL 34994
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2700 SE Federal Hwy Stuart, FL 34994
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Doug Aronson
    Doug Aronson
    Real Estate License ID: 0225094359
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!