3754 Crain Hwy - Restaurant FOR SALE


Waldorf, MD 20603- St. Charles
$5,295,000 USD
404-441-3849
3754 Crain Hwy, Waldorf, MD for Sale
$5,295,000 USD
Restaurant - FOR SALE
1/2
null | 6.65% Cap Rate

3754 Crain Hwy
Waldorf, MD 20603
St. Charles


HIGHLIGHTS

  • Absolute NNN lease with ±7.2 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc.
  • Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
  • This location boasts a long operating history with strong store sales. Since 2019, sales have increased 19%.
  • Washington, D.C. MSA - Located 20 Miles from Downtown D.C.

OVERVIEW

The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 6,187-square-foot freestanding Carrabba’s Italian Grill situated on 1.21 acres in Waldorf, MD—an affluent bedroom community of the Washington, D.C. MSA (Population: 6.3 million+). Carrabba’s absolute NNN lease features ±7.2 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc. Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. This location boasts a long operating history with strong store sales. Since 2019, sales have increased 19%.

FOR SALE DETAILS

PRICE

$5,295,000 USD

PRICE/SF

$856 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrabba's Italian Grill: Waldorf, MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

CC

APN/PARCEL ID

06-282512

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.