For Sale
$5,204,020

3754 Crain HwyWaldorf, MD 20602

High-yield NNN lease, strong tenant

Overview

Added:
Dec 11, 2024
Days on market:
120
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.

Highlights

  • $5,204,020 asking price for a 6,187 square foot Carrabba's Italian Grill in Waldorf, MD.
  • Absolute NNN lease with a corporate guarantee from Bloomin' Brands, Inc., offering approximately 7.6 years remaining on the primary term plus four 5-year renewal options.
  • Annual rent increases by the lesser of 1.75% or 1.7 times the CPI increase.
  • Strong location with a long operating history and 19% sales growth since 2019.
  • Excellent visibility and access on Crain Highway (55,221 VPD), near the intersection with Berry Road (36,171 VPD), approximately 20 miles south of Washington, D.C.

Property Details for 3754 Crain Hwy

Property type
Retail properties, Restaurants
Square Feet
6,187 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Waldorf
County
Charles
State
Maryland
Latitude
38.6081914
Longitude
-76.9278896
3754 Crain Hwy, Waldorf, Maryland

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant
Where is the retail property located?
The property is located at 3754 Crain Hwy Waldorf, MD.
What is the asking price?
The asking price for this property is $5,204,020.
What are key features of this property?
This property features: $5,204,020 asking price for a 6,187 square foot Carrabba's Italian Grill in Waldorf, MD.; Absolute NNN lease with a corporate guarantee from Bloomin' Brands, Inc., offering approximately 7.6 years remaining on the primary term plus four 5-year renewal options.; Annual rent increases by the lesser of 1.75% or 1.7 times the CPI increase.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3754 Crain Hwy
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