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1285 US Highway 1
Vero Beach, FL 32960
Carrabba's Italian Grill · Retail Property For Sale
Investment Highlights
- Corporate Guarantee by Bloomin’ Brands, Inc.
- Prime Outparcel to Publix Supermarket
- No State Income Tax for Florida Investors
- Absolute NNN Lease Structure - Zero Landlord Responsibilities
- Strategic Florida Location
- Established Brand with Long Operating History at Site
Executive Summary
Northmarq is pleased to offer qualified investors the opportunity to purchase Carrabba's Italian Grill (the "Property") located in Vero Beach, FL, as a prime outparcel to Publix Supermarket.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,362 SF
Building Class
B
Year Built
2002
Price
$3,432,000
Price Per SF
$539.45
Cap Rate
6.50%
NOI
$223,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.47 AC
Zoning
PD
Parking
15 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
66’ on US Highway 1
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 33-39-12-00050-0000-00002.0 | Improvements Assessment | $710,441 |
| Land Assessment | $174,964 | Total Assessment | $885,405 |
Property Taxes
Parcel Number
33-39-12-00050-0000-00002.0
Land Assessment
$174,964
Improvements Assessment
$710,441
Total Assessment
$885,405
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