2501 N UNIVERSITY DR Coral Springs FL 33065-5106

The property is ideally situated with excellent frontage and visibility on University Drive (Traffic Count: 39,000 VPD), the area’s most heavily travelled thoroughfare, just north of its intersection with Royal Palm Boulevard (Traffic Count: 30,500 VPD). Carrabba’s is also situated immediately adjacent to Boston Market and Einstein Bros. Bagels and within a cluster of retail that is also home to CVS, LA Fitness, Citibank, Regions Bank and PNC Bank among others. In addition, the property is directly across from the 89,000-square-foot Royal University Plaza (Anchors: Total Wine & More and Pet Supermarket) and just south of the 240,000-square-foot Walk of Coral Springs mixed-use development, which offers a dynamic combination of office and retail space and includes Barnes & Noble, TD Bank, Sprint, BurgerFi, Starbucks and Jamba Juice among many others. Additionally, the property benefits from its location within the area’s primary retail and commercial corridor, with 8.4 MSF of retail, 3.3 MSF of office, 2.2 MSF of industrial space and 11,673 multifamily units within a 3-mile radius of the site. The immediate corridor is highlighted by the 941,000-square-foot Coral Square Mall (Anchors: JCPenney, Sears, Macy’s and Kohl’s), which sits just 1.50 miles south of Carrabba’s. Furthermore, the property benefits from dynamic demographics, with a population of 160,102 and an average household income of $77,918 within a 3-mile radius. At closing, Carrabba’s Italian Grill will execute a new 15-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.