60 Palmetto Ave
Merritt Island, FL 32953
Carrabba's · Retail Property For Sale

CARRABBA' S ITALIAN GRILL | MERRITT ISLAND, FL CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively of fer a 6,371-square-foot freestanding Carrabba' s Italian Grill on 1.62 acres in Merrit t Island, Florida. The property is ideally located just off W Merritt Island Causeway with 2 points of access to the property. The Subject Property is located 1 mile from the Merritt Square Mall anchored by Dillards, JCPenny and Sears. Additional surrounding retailers include Home Depot, Ross, Wendy' s, Taco Bell, Burger King, Publix, Starbucks, CVS and TJ Maxx. . At closing, Carrabba' s will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis to one of the country' s premier casual dining restaurant operators. The unincorporated town of Merritt Island is located on Florida' s largest island, which serves as the home of NASA' s Kennedy Space Center. Merritt Island located near Cocoa Beach and Cape Canaveral, is a common tourist location. It is also home to the Merritt Island National Wildlife Refuge, a 140,000 acre nature sanctuary. The site is conveniently located 1 mile from the Merritt Square Mall, a one-stop dining, shopping and entertainment destination anchored by Dillard' s, JCPenny and Sears.