3754 Crain HwyWaldorf, MD 20602
High-yield NNN lease, strong tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 120
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
Nearby Similar for Sale
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?
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