5805 Trinity Pky
Centreville, VA 20120
Carrabba's Italian Grill: Centreville, VA · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 6,475-square-foot freestanding Carrabba’s Italian Grill situated on 1.81 acres in Centreville, VA which is a densely populated community located within the Washington D.C. MSA (Population: 6.1 Million). The property is ideally located with excellent frontage and visibility on Lee Highway (Traffic Count: 42,000 VPD), just 0.2 miles west of the exit ramp for I-66 (Traffic Count: 161,000 VPD) which provides direct access to Downtown Washington D.C. (24 miles to the northeast). Carrabba’s is situated immediately adjacent to Chasin’ Tails Cajun Restaurant and directly across Lee Highway from the 109,090-square-foot Centreville Square which is occupied by M&T Bank, SunTrust, Firehouse Subs, Dickey’s BBQ Pit, AT&T, Tropical Smoothie, Panda Express, Sweet Frog and Wing Stop, among many others. Carrabba’s also benefits from its location within the area’s primary retail and commercial corridor with 3.1 MSF of retail, 5.9 MSF of office, and 5,359 multifamily units within a 3-mile radius. Other retailers with a presence in the immediate vicinity include: Trader Joe’s, H-Mart, Giant, Lotte Plaza Market, Natura Foods, Shoppers, Lifetime Fitness, Jiffy Lube, Wells Fargo, Bank of America, Papa John’s, IHOP, Dairy Queen, Sunoco and Exxon, among many others. Furthermore, the site benefits from upscale infill demographics with a population of 97,547 and an average household income of $146,385 within a 3-mile radius. Carrabba’s is planning to complete an exterior renovation at the end of 2018, demonstrating its continued commitment to the site. At closing, Carrabba’s will execute a new 10-year absolute NNN lease with four 5-year options to renew and 1.00% annual rent increases. This property offers investors the opportunity to purchase a well located net-leased asset leased on a long-term NNN basis to one of the country’s premier casual dining restaurant operators.