Investment Highlights
Absolute NNN lease with ?7.9 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin? Brands, Inc.
This location boasts a long operating history with strong store sales. Since 2019, sales have increased 19%.
Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
Washington, D.C. MSA - Located 20 Miles from Downtown D.C.
Executive Summary
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 ?7.9 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%.
