Carrabba's Italian Grill For
3754 Crain Hwy Waldorf, MD 20602
3754 Crain Hwy, Waldorf, MD, 20602
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For Sale
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Freestanding restaurant in Waldorf, MD with long-term NNN lease.
Property Size6,187 SF
Lot Size1.21 Acres
Price / SF$870.83
Days on Market1208
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 Agency
CBRE - Atlanta
Listed by
Chris Bosworth · License #GA 248342
Source
Crexi
Added: Mar 28, 2023 Checked: Jul 15 at 2:49 pm
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
Location Intelligence
Current Use by Public Records
Carrabba's Italian Grill
Restaurant
Similar For Sale Nearby
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+).
