Log In/Sign Up
Your email has been sent.
Carrabba's Italian Grill: Mobile, AL 3917 Airport Blvd 3,115 SF Retail Building Mobile, AL 36608 $5,153,458 CAD ($1,654.40 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7x the CPI increase.
- NNN lease features ±6.5 years of primary term remaining, four 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc.
- Long operating history with strong store sales. Since 2019, sales have increased 24%.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 6,926-square-foot Carrabba’s Italian Grill situated on 1.22 acres in Mobile, AL (MSA Population: 428,220). Carrabba’s absolute NNN lease features ±6.5 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 store boasts a long operating history with strong store sales. Since 2019, sales have increased 24%.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,115 SF
Building Class
C
Year Built
2002
Price
$5,153,458 CAD
Price Per SF
$1,654.40 CAD
Cap Rate
6.65%
NOI
$342,700 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.27 AC
Zoning
B-2 - Neighborhood Business
Parking
106 Spaces (34.03 Spaces per 1,000 SF Leased)
Frontage
148’ on Airport Blvd
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Smoke Detector
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-07-26-1-000-008 | Improvements Assessment | $297,948 CAD |
| Land Assessment | $124,323 CAD | Total Assessment | $422,271 CAD |
PROPERTY TAXES
Parcel Number
28-07-26-1-000-008
Land Assessment
$124,323 CAD
Improvements Assessment
$297,948 CAD
Total Assessment
$422,271 CAD
CONTACTS
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
CBRE, Inc.
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Carrabba's Italian Grill: Mobile, AL | 3917 Airport Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.