3754 Crain Hwy Waldorf, MD 20602
- Turn key restaurants
- 5,977 SF
- 1.21 lot acres
Current Use by Public Records
- Carrabba's Italian Grill / Bar / Bar & Grill
Property Details for 3754 Crain Hwy
- Year built
- 2007
- Construction
- WOOD
- Lot size
- 1.21 lot acres
- Property size
- 5,977 SF
- Zone code
- CC
- Property type
- Turn key restaurants
- APN
- 06-282512
- APU
- 6282512
Description
This exceptional investment opportunity presents a 6,187-square-foot Carrabba's Italian Grill in Waldorf, Maryland. The property boasts a 6.65% cap rate and a substantial net operating income (NOI) of $346,067. Situated on 1.21 acres with 86 parking spaces, this freestanding restaurant benefits from high visibility on Crain Highway (55,221 VPD), offering excellent access. The absolute NNN lease with Bloomin' Brands, Inc. corporate guarantee provides security, featuring approximately 7.4 years remaining on the primary term, plus four 5-year renewal options. Annual rent increases are based on the lesser of 1.75% or 1.7 times the CPI increase. Built in 2007, this location has a proven track record of success, demonstrating a 19% sales increase since 2019. The property is conveniently located 20 miles south of Washington, D.C., in a thriving community within the Washington, D.C. MSA. The asking price is $5,204,020, translating to $841.12 per square foot. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waldorf
- County
- Charles
- State
- Maryland
- Longitude
- -76.928
- Latitude
- 38.6083
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
