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500 Route 38 E
Maple Shade, NJ 08052
Carrabba's Italian Grill | Maple Shade, NJ · Retail Property For Sale
PROPERTY FACTS
About 500 Route 38 E , Maple Shade, NJ 08052
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 September 2015, Carrabba' s had 247 locations nationwide (244 company-owned and 3 franchised) and TTM system wide sales in excess of $733 million. Bloomin' Brands, Inc. (NASDAQ: BLMN) is one of the world' s largest casual dining restaurant companies with approximately 1,500 restaurants throughout 48 states, Puerto Rico, Guam, and 22 countries. The company operates restaurants through a portfolio of leading, differentiated restaurant brands including Outback Steakhouse, Carrabba' s Italian Grill, Bonefish Grill, and Fleming' s Prime Steakhouse & Wine Bar. As of September 27, 2015, Bloomin' Brands reported TTM revenues of 4.44B and EBITDA of $428.36M. At closing, Carrabba' s will execute new 15-year NNN lease with four 5-year options to renew. The lease will include 1% annual rent increases throughout the term. The property is situated Route 38 which accounts for over 60,000 vehicles per day. This Carrabba' s is located just before the Route 38 exits to Route 41 S and Routes 41 and 73 North and is visible from the 4 lane highway. The property has 1 point of ingress and 1 point of egress on Route 38.
PROPERTY TAXES
Parcel Number | 19-00173-01-00002-04 | Improvements Assessment | $704,400 |
Land Assessment | $645,000 | Total Assessment | $1,349,400 |
PROPERTY TAXES
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Listing ID: 3661185
Date on Market: 9/23/2016
Last Updated:
Address: 500 Route 38 E, Maple Shade, NJ 08052
The Retail Property at 500 Route 38 E, Maple Shade, NJ 08052 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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