This page tracks Carrabba’s Italian Grill net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Carrabba’s Italian Grill credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.
Carrabba's Italian Grill is not investment grade. The ratings shown for Carrabba's Italian Grill are credit rating of its parent company, Bloomin' Brands, Inc.: B+ from S&P Global Ratings; below the BBB-/Baa3 investment grade threshold. Whether that credit stands behind a specific lease depends on the tenant and any guarantor named in the lease. Ratings checked October 8, 2026. Ratings change; confirm before relying on any figure here. See the Carrabba's Italian Grill credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
4 Carrabba's Italian Grill NNN properties observed for sale across 4 states as of October 2, 2026. Median asking cap rate 6.65% (range 6.50% to 6.65%). Median asking price $4.07M. Average remaining lease term 5.7 years (among 3 listings that state a term). Median building 6,511 SF. Figures update automatically from listing broker materials.
Carrabba's Italian Grill is not investment grade. The ratings shown for Carrabba's Italian Grill are credit rating of its parent company, Bloomin' Brands, Inc.: B+ from S&P Global Ratings; below the BBB-/Baa3 investment grade threshold. Whether that credit stands behind a specific lease depends on the tenant and any guarantor named in the lease. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
Carrabba’s Italian Grill NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant Carrabba’s Italian Grill properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| Spring, TX | $4,382,000 | 6.50% | $284,844 | n/a | 1994 | Not stated | Get full property data |
| Canton, MI | $3,493,200 | 6.65% | $232,295 | 5.7 yrs | 2002 | Absolute NNN | Get full property data |
| Waldorf, MD | $5,387,800 | 6.65% | $358,285 | 5.7 yrs | 2007 | Absolute NNN | Get full property data |
| Mobile, AL | $3,756,400 | 6.65% | $249,798 | 5.7 yrs | 2002 | Absolute NNN | Get full property data |
Search all 4 Carrabba's Italian Grill properties on the market
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Get new Carrabba's Italian Grill listings in your cap rate band
New Carrabba's Italian Grill net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own a Carrabba's Italian Grill? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a valuation benchmark against the live Carrabba's Italian Grill listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
Bloomin’ Brands, Inc. owned and operated 187 Carrabba’s Italian Grill restaurants in the United States at December 28, 2025, and franchisees operated 17 more, for 204 restaurants in 28 states (Bloomin’ Brands Form 10-K for 2025). Bloomin’ says it leases substantially all of its restaurant properties from third parties: across its 957 U.S. company-owned restaurants of all brands, it owned 20 sites and leased the rest, 676 under land, ground and building leases and 261 under space and in-line leases.
Bloomin’ leases restaurant and office facilities and certain equipment under operating leases primarily having initial terms between 1 and 20 years, its restaurant facility leases generally have renewal periods totaling 5 to 30 years at its option, and some leases include rent based on a percentage of gross revenues (Bloomin’ Brands Form 10-K for 2025). Because the company operates most U.S. Carrabba’s restaurants itself, a Carrabba’s lease is more often signed by a Bloomin’ Brands subsidiary than by a franchisee, and Bloomin’ names OSI Restaurant Partners, LLC as its primary operating entity. Confirm which entity signed the lease and whether Bloomin’ Brands, Inc. guarantees it.
Across the current inventory, 0% of listings with a reported build year were delivered in the last four years, and 0% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.
Carrabba’s Italian Grill Cap Rate, Price and Term Distribution
These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| 6.50% to 6.99% | 4 | 100% | $4.25M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| $2.5M to $3.5M | 1 | 25% | 6.65% |
| $3.5M to $5M | 2 | 50% | 6.58% |
| $5M and above | 1 | 25% | 6.65% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| 5 to 10 years | 3 | 6.65% |
| Lease Type (as marketed) | Listings |
|---|---|
| Absolute NNN | 3 |
| Not stated | 1 |
How to read the pricing
The spread inside the Carrabba’s Italian Grill inventory runs from 6.50% to 6.65%, against a median of 6.65%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.
Where Carrabba’s Italian Grill NNN Properties Are For Sale
Current inventory spans 4 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| AL | 1 | 6.65% | $3.76M |
| MD | 1 | 6.65% | $5.39M |
| MI | 1 | 6.65% | $3.49M |
| TX | 1 | 6.50% | $4.38M |
Carrabba’s Italian Grill as a 1031 Exchange Replacement Property
The median asking price in the current Carrabba’s Italian Grill inventory is $4.07M, and about 25% of listings fall between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace. The points below are general information, not tax or legal advice; confirm your own situation with your qualified intermediary and tax advisor.
- Identify from the live list, not a stale one. Listings move. Replacement property must be identified within 45 days of the sale of the relinquished property (Internal Revenue Code section 1031(a)(3)), and the three-property rule in Treasury Regulation section 1.1031(k)-1(c)(4) lets you identify up to three properties regardless of value, so keep a backup that is realistically still available.
- Debt replacement matters. Liabilities on the relinquished property that the other party assumes, or that the property is transferred subject to, are treated as money received, and they can be offset by liabilities on the replacement property and by cash the taxpayer adds (Treasury Regulation section 1.1031(d)-2). Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage, so run your debt numbers before you identify.
- Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, weigh remaining term and options alongside cap rate.
- Certainty of closing matters. The replacement property must be received within 180 days of the sale, or by the due date, including any extension, of the tax return for the year of the sale if that comes first (Internal Revenue Code section 1031(a)(3)). A clean estoppel, a current lease and no pending relocation reduce closing risk.
For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.
Carrabba’s Italian Grill NNN Due Diligence Checklist
These are the items that change the value of a Carrabba’s Italian Grill listing and are rarely resolved by the offering memorandum.
- Tenant entity and guaranty. Confirm which Bloomin’ entity or franchisee signed the lease and whether Bloomin’ Brands, Inc. guarantees it.
- Percentage rent and sales reporting. Where the lease adds rent based on a percentage of gross revenues, confirm the breakpoint, the sales history behind it and whether the stated income includes it.
- Ground lease or fee ownership. Determine whether you are buying land under a ground lease or land and building, and who owns the restaurant during the term and at expiration.
- Remaining term and options. Compare the remaining primary term with your hold period, and confirm the number, length and rent of any renewal options.
How Investment Grade Works With Carrabba’s Italian Grill Buyers
Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Carrabba’s Italian Grill acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On the majority of transactions, there is no separate fee to you as the buyer, because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.
Owners of existing Carrabba’s Italian Grill properties can use this page as a valuation benchmark. If you are weighing a sale, we can discuss an off-market sale to a qualified 1031 buyer as well as a broad marketing process.
Frequently Asked Questions
How many Carrabba’s Italian Grill NNN properties are for sale right now?
As of October 2, 2026, 4 single-tenant Carrabba’s Italian Grill net lease properties are observed for sale across 4 states. The count updates automatically as listings are added and removed.
Is Carrabba’s Italian Grill investment grade?
The ratings shown for Carrabba's Italian Grill are credit rating of its parent company, Bloomin' Brands, Inc.: B+ from S&P Global Ratings; below the BBB-/Baa3 investment grade threshold. Whether that credit stands behind a specific lease depends on the tenant and any guarantor named in the lease. Ratings checked October 8, 2026.
What cap rate do Carrabba’s Italian Grill NNN properties sell at?
The current median asking cap rate is 6.65%, with the inventory ranging from 6.50% to 6.65%. Longer term, stronger markets and absolute NNN structures generally ask cap rates at the lower end of the range.
How much does a Carrabba’s Italian Grill NNN property cost?
The median asking price in the current inventory is $4.07M, with listings from $3.49M to $5.39M. About 25% fall between 1.5 and 3.5 million dollars.
Who signs the lease on a Carrabba’s Italian Grill property?
Bloomin’ Brands owned and operated 187 of the 204 U.S. Carrabba’s restaurants at December 28, 2025, and franchisees operated 17 (Bloomin’ Brands Form 10-K for 2025). The tenant is the entity named in the lease, so confirm the signatory and whether Bloomin’ Brands, Inc. guarantees it.
Is a Carrabba’s Italian Grill property a good 1031 exchange replacement?
It depends on your equity, your debt replacement requirement and your hold period. The median asking price is $4.07M and about 25% of inventory sits between 1.5 and 3.5 million dollars. Term, lease structure and certainty of closing matter as much as the headline cap rate within the 45-day identification period.
Working a Carrabba’s Italian Grill acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
