Carrabba's Italian Grill For
3754 Crain Hwy, Waldorf, MD 20602
Freestanding restaurant in Waldorf, MD with long-term NNN lease.
Type:Retail
Property size:
6,187 SFLot size:
1.21 AcresPrice / SF:
$870/SF- Added:
- Mar 28, 2023
- Days on Market:
- 1163
- Last Refresh:
- May 12 at 8:46 pm
Property Features for 3754 Crain Hwy
General Information
- Standard status
- Active
- Size
- 6,187 SF
- Lot size
- 1.21 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agent Chris Bosworth License #GA 248342
Listing office CBRE - Atlanta
Listing date Mar 28, 2023
Source Crexi
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
HighLights
- Absolute NNN lease with ±16.2 years of primary term remaining provides a passive income stream.
- Corporate guaranty from Bloomin’ Brands, Inc. offers financial security.
- Located in Waldorf, MD, an affluent bedroom community within the Washington, D.C. MSA (Population: 6.3 million+).
- Strong store sales with a 19% increase since 2019.
- Features four 5‑year renewal options, providing potential for long‑term income.
- Rent increases annually by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
Overview
This is a 6,187-square-foot freestanding Carrabba’s Italian Grill situated on 1.21 acres in Waldorf, MD. The property is located within an affluent bedroom community of the Washington, D.C. MSA. The absolute NNN lease has approximately 6.2 years of primary term remaining, along with four 5-year renewal options. The lease is corporately guaranteed by Bloomin’ Brands, Inc. Rent increases each year by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. The location has a long operating history with strong store sales. Since 2019, sales have increased 19%.
Property Profile
Location Intelligence
Current Use by Public Records
Carrabba's Italian Grill
Restaurant
Location Insight
- Map
- Local Demand
- City
- Waldorf
- County
- Charles
- State
- Maryland
- Longitude
- -76.9280689
- Latitude
- 38.6082798
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Freestanding restaurant in Waldorf, MD with long-term NNN lease.
Where is this conventional restaurant located?
The property is located at 3754 Crain Hwy Waldorf, MD.
What is the asking price?
The asking price for this property is $5,387,800.
What are key features of this property?
This property features: Absolute NNN lease with ±16.2 years of primary term remaining provides a passive income stream.; Corporate guaranty from Bloomin’ Brands, Inc. offers financial security.; Located in Waldorf, MD, an affluent bedroom community within the Washington, D.C. MSA (Population: 6.3 million+).
