Carrabba's Italian Grill For
For Sale
Contact for pricing
3754 Crain Hwy, Waldorf, MD 20602
Freestanding restaurant in Waldorf, MD with long-term NNN lease.
Property Size6,187 SF
Lot Size1.21 Acres
Price / SF$870.83
Days on Market1253
Property Features for 3754 Crain Hwy
General Information
Standard status
Active
Size
6,187 SF
Total Parking Spaces
86
Lot size
1.21 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$358,285
Building Details
Year Built
2007
Buildings
1
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Mar 28, 2023
Changed: Aug 23
Last Checked: Aug 30 at 7:10PM
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.
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%.
Key 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+).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20602, MD
28,736
Population
10,899
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
95%
High-School Grad
14.5 sq mi
ZIP Area
1,982
Density / Sq Mi
$108,733
Median Household Income
$56,893
Median Earnings
$1,803
Median Rent
$360,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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+).
