Carrabba's Italian Grill - Availability Details
500 NJ-38 , Maple Shade, NJ 08052
- For Sale $2,625,000
- City Maple Shade
- Zip Code 08052
- Market Philadelphia
- Property Type Retail - Restaurant
- Property Size 6,297 Sqft
- Lot Size 3.76 Acre
- Property Tenancy Single Tenant
- Year Built 1998
- Year Renovated 2015
- Date Updated 10 Jun, 2021
Prime Net Lease is pleased to exclusively offer a 6,297-square-foot freestanding Carrabba’s Italian Grill situated on 3.76 acres in Maple Shade, NJ (Population: 19,131). Maple Shade Township is located in Burlington County, New Jersey. It is located just 9 miles from Philadelphia, PA, 69 miles from Newark NJ, and 74 miles from New York, NY. New Jersey is the eleventh-most populous and the most densely populated of the 50 states. The property is ideally located on Route 38, a state highway in the southern part of New Jersey extending 19 miles. It is situated just before the Route 38 exits to Route 41 S, and Routes 41 and 73 North. State Route 38 accounts for over 60,000 vehicles per day. Carrabba’s is surrounded by a national retailers including Macy’s, Papa John’s, Outback Steakhouse and Dunkin Donuts. It is also situated in between two major retail shopping areas in South Jersey, the Cherry Hill Mall (1.2 miles away) and the Moorestown Mall (1.2 miles away). The recently signed 15-year absolute NNN lease with 1.00% annual rent increases has over 12 years remaining. This investment offers investors an excellent opportunity to acquire a net leased asset leased on a long-term NNN basis to one of the nation’s premier casual dining restaurant operators. Carrabba’s Italian Grill is an authentic Italian restaurant focused on casual dining in a warm, festive atmosphere. The Carrabba’s Italian Grill menu includes a variety of Italian pasta, chicken, beef and seafood dishes, salads, and wood-fired pizza. As of December 25, 2016, Carrabba’s had 244 locations nationwide (242 company-owned and 2 franchised) and TTM system-wide sales of $707 million.read more read less
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Prime Net Lease
- 12.9 Years Remaining on Absolute NNN Lease
- Corporate Guarantee!
- Owned by Bloomin’ Brands, Inc. (NASDAQ: BLMN)
- Densely Populated Area!
- Strong Demographics!
- Great Traffic Counts (60,000 VPD)!
- Solid Population Growth!
Frequently Asked Questions
What year was Carrabba's Italian Grill built and finished?
Carrabba's Italian Grill was completed in 1998.
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Prime Net Lease