Carrabba's Italian Grill · Canton, MI

Carrabba's Italian Grill Absolute NNN

1900 N Haggerty Rd · Canton, MI 48187 · QSR / Restaurant

Asking price

$3,493,200

Cap rate

6.65%

NOI

$232,295

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Lease

Lease typeAbsolute NNN

Term remaining5.7 yrs

Expiration03/2032

Rent bumpsThe lesser of (i) 1.30 times the increases in the CPI, or (ii) 10%

OptionsFour 5-year options

Ground leaseNo

Credit profile—

Tenancy—

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Property

Building SF6,511

Price / SF$537

Year built2002

Lot size1.98 ac

TypeRestaurant

Days on market103

Need year-one bonus depreciation

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Investment highlights

Absolute NNN Lease: Carrabba’s absolute NNN lease features ±5.7 years of primary term remaining, four 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc.

Rare Annual Escalations: Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7x the CPI increase.

Proven Location: Long operating history with strong store sales. Since 2019, sales have increased 18%.

Property overview

The CBRE Net lease Property Group is pleased to exclusively offer for sale the 6,511-square-foot Carrabba’s Italian Grill situated on 1.98 acres in Canton, MI—a component of the Detroit-Warren-Dearborn, MI MSA (Population: 4.4 Million). Carrabba’s absolute NNN lease features ±5.7 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc. Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. This store boasts a long operating history with strong store sales. Since 2019, sales have increased 18%.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.