2700 SE Federal Hwy - Freestanding FOR SALE


Stuart, FL 34994- Willoughby
$3,539,455 USD
757-287-1490
2700 SE Federal Hwy, Stuart, FL for Sale
$3,539,455 USD
Freestanding - FOR SALE
1/4
null | 6.1% Cap Rate

2700 SE Federal Hwy
Stuart, FL 34994
Willoughby


HIGHLIGHTS

  • Absolute NNN lease.
  • Corporate guarantee with Bloomin’ Brands, Inc (NASDAQ: BLMN).
  • Annual Rent Increases.
  • Florida has no state income tax.

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the property leased to Carrabba’s Italian Grill located at 2700 SE Federal Highway in Stuart, Florida. Carrabba’s has been operating at this location for nearly 20 years and signed a new 15-year lease in 2017 with annual rent increases throughout the term and during the option periods. The lease is guaranteed corporately by Bloomin’ Brands, a publicly traded company (NASDAQ: BLMN) that includes Outback Steakhouse, Carrabba’s, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. The 7,123 SF building sits on approximately 1.60 AC along heavily traveled Federal Hwy (US-1), a major retail corridor featuring shopping centers, car dealerships and dozens of national retailers. There are more than 3000 apartments within a 3-mile radius of the restaurant including 10X Harbour Cay (272 units), which is within walking distance. The lease is Absolute NNN with zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$3,539,455 USD

PRICE/SF

$497 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrabba's with Bloomin' Brands Guarantee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,500 SF

ZONING

B-1

APN/PARCEL ID

38-38-41-006-000-00010-6

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.