3600 Crain Hwy
Waldorf, MD 20603
Hooters Crain Highway · Retail Property For Sale
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INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Corporate Guaranteed
- Fixed 10% Rental Increase— every 5 years on upcoming options
- Strong Traffic – Crain Highway 53,010 (VPD)
PROPERTY FACTS
- Fast Food
- General Retail Restaurant
AMENITIES
- Pylon Sign
ABOUT 3600 CRAIN HWY , WALDORF, MD 20603
Triple Net Investment Group is pleased to present Hooters in Waldorf, Maryland . Property has a fee simple absolute NNN lease. There are (2) 5-year options and 10% increases every five years. Building is ±4,442 square feet and resides on 1.42 aces, part of the parking lot is on a separate parcel and is .2 acres. Entire Hooters property is together and totals 1.62 acres. The property was built in 1995 and later renovated in 2004. The property has a corporate guarantee and has desirable frontage and visibility. Hooters is located on the heavily trafficked Crain Highway (53,010 VPD) the main retail destination in Charles County. Property sits directly across from St Charles Town Center which houses retailers Macy’s, JC Penny, Dicks Sporting Goods, McDonald's, AMC, Target, Kohls and more.Tenant OverviewHooters is a casual dining restaurant that was originally founded in 1983 and is headquartered in Atlanta, Georgia. Over three decades the company has grown to 430 locations around the world including 44 US States, the US Virgin Islands, Guam, and 28 other countries.Hooters is a private company that is owned by a consortium of PE companies HIG Capital, Karp Reiley, and Chanticleer Holdings that acquired the chain in 2011, with 420 restaurants in 44 States and 30 Counties.
LINKS
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,441,000 |
Land Assessment | $983,100 | Total Assessment | $2,424,100 |
Listing ID: 18841931
Date on Market: 3/12/2020
Last Updated:
Address: 3600 Crain Hwy, Waldorf, MD 20603
The Retail Property at 3600 Crain Hwy, Waldorf, MD 20603 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.