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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

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,163 SF
Building Class
C
Year Built
1940
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.34 AC

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

PROPERTY TAXES

Parcel Number
19-00173-01-00002-04
Land Assessment
$645,000
Improvements Assessment
$704,400
Total Assessment
$1,349,400
  • Listing ID: 3661185

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 500 Route 38 E, Maple Shade, NJ 08052

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