3917 Airport Blvd Mobile, AL 36608

This exceptional investment opportunity presents a portfolio of four Carrabba's Italian Grill restaurants, strategically located across Alabama, Maryland, Michigan, and Ohio. The portfolio totals 26,707 square feet situated on 7.63 acres of land, boasting a strong 100% occupancy rate. Each location benefits from its position within thriving retail corridors, ensuring consistent customer traffic. The current lease, an absolute NNN lease with a corporate guarantee from Bloomin' Brands, Inc., commenced March 14, 2012, and expires March 31, 2032, providing a substantial remaining lease term of approximately 7.4 years. The lease includes attractive annual rent increases, calculated as the lesser of 1.75% or 1.7 times the CPI increase, offering built-in protection against inflation. Furthermore, four five-year renewal options provide long-term stability and growth potential. The portfolio generates a substantial net operating income (NOI) of $1,115,435, representing a compelling 6.81% cap rate on the asking price of $16,376,420, or $613.19 per square foot. This portfolio offers a rare opportunity to acquire a diversified, high-performing restaurant investment with significant upside potential. The financial strength and brand recognition of Bloomin' Brands, Inc., a leading casual dining company with a substantial national presence, further enhances the security and appeal of this investment. Offers on individual properties and the entire portfolio are welcome.