Carrabba’s Italian Grill NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.0%
This Year Cap
6.2%
Cap Change
0.2%
Last Year Rating
BB-
This Year Rating
BB-
Rating Change
No change
Carrabba’s Italian Grill – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Carrabba’s Italian Grill
Carrabba’s Italian Grill Net Lease: Secure, Essential Investment
Carrabba’s Italian Grill is a well-established casual dining restaurant brand with a national footprint and decades of operating history. The chain is owned by Bloomin’ Brands, one of the largest publicly traded restaurant operators in the United States, which also owns brands such as Outback Steakhouse and Bonefish Grill.
Investors often target Carrabba’s Italian Grill assets for:
- Established National Restaurant Brand
- Long-Term Net Lease Income Potential
- High-Traffic Retail Corridor Locations
- Attractive 1031 Exchange Compatibility
Because many Carrabba’s locations are operated under franchise or operator lease structures rather than direct corporate leases, buyers should carefully review tenant financial strength, lease guaranties, rent escalations, and renewal options during due diligence.
Carrabba’s Italian Grill Properties for 1031 Exchange Buyers
Carrabba’s Italian Grill net lease properties can offer stable cash flow and long-term income potential when located in strong retail trade areas. However, investment performance is often influenced by the lease structure, operator credit profile, remaining lease term, and real estate fundamentals.
Carrabba’s Italian Grill – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
| TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
Bloomin’ Brands Stock Price (NASDAQ: BLMN)
Carrabba’s Italian Grill Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Carrabba’s Italian Grill Investor Snapshot (Quick Facts)
Origins & Growth (Past)
• Founded in 1986 in Houston, Texas by Johnny Carrabba and Damian Mandola
• Expanded from a single family-owned restaurant into a national casual dining brand
• Entered strategic growth phase through partnership with Bloomin’ Brands (formerly Outback Steakhouse, Inc.)
• Developed locations in major suburban retail corridors and high-traffic commercial districts
• Built brand recognition around Italian-American cuisine, wood-fired grilling, and family-style hospitality
• Grew to more than 200 locations across the United States, becoming one of the country’s largest Italian casual dining concepts
Where Carrabba’s Italian Grill Stands Today
• 200+ U.S. restaurant locations
• Established casual dining brand
• Owned by Bloomin’ Brands
• Primarily company-operated restaurants
• Focused on guest experience
• Embracing digital ordering solutions
Where Carrabba’s Italian Grill Stands Today
• Digital Growth
• Operational Efficiency
• Loyalty Expansion
• Restaurant Optimization
• Menu Innovation
• Brand Recognition
• Consumer Demand
Why investors buy Carrabba’s Italian Grill NNN Properties or Carrabba’s Italian Grill ground Lease Properties?
Pros (what buyers like)
- Established National Brand
Well-known restaurant chain with decades of operating history - Strong Parent Company
Backed by Bloomin’ Brands, a large public restaurant operator - Consumer Demand
Casual dining generates recurring customer traffic - Prime Retail Locations
Often located along major retail corridors and high-traffic intersections - Attractive Lease Structures
Long-term NNN and ground leases appeal to passive and 1031 exchange investors - Alternative Use Potential
Freestanding restaurant buildings may offer future redevelopment or re-tenanting opportunities
Cons (what can bite you)
- Tenant Credit Variability
Some locations are franchise-operated rather than corporate-backed - Restaurant Industry Risk
Performance can be affected by consumer spending and economic cycles - Limited Rent Growth
Many leases feature modest or infrequent rent escalations - Operational Dependence
Restaurant success relies on unit-level sales performance - Re-Tenanting Challenges
Large restaurant layouts may require conversion for new tenants - Market Competition
Casual dining faces competition from fast casual and delivery-focused concepts - Location Sensitivity
Restaurant sales are heavily influenced by demographics and traffic patterns
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Carrabba's Italian Grill Net Lease
• 10–15+ years lease term remaining • Corporate or strong franchise guaranty • Absolute NNN or landlord-friendly lease • High-volume, proven restaurant location • Prime retail corridor with strong traffic • Strong demographics and visibility • Scheduled rent escalations supporting future resale
02
⚠ Yellow Flags (Price Accordingly)
• Franchisee credit without strong guaranty • Short lease term remaining • Flat rent with limited escalations • Underperforming restaurant location • Weak visibility or access • Oversized or outdated building • High local restaurant competition • Declining trade area demographics • Excessive rent relative to sales • Limited alternative-use potential
Find out more
Carrabba’s Italian Grill Background & History
Carrabba’s Italian Grill is a nationally recognized casual dining restaurant brand known for its Italian-American cuisine, wood-fired grilling, and neighborhood dining experience. Founded in 1986 in Houston, Texas, the concept grew from a single family-owned restaurant into one of the largest Italian casual dining chains in the United States.
Today, Carrabba’s operates more than 200 locations across the country and is owned by Bloomin’ Brands, one of the largest publicly traded restaurant companies in the restaurant industry. The brand serves lunch and dinner guests through dine-in, takeout, catering, and digital ordering channels.
Over time, Carrabba’s expanded beyond traditional dine-in service by investing in online ordering, curbside pickup, delivery partnerships, and loyalty initiatives. These efforts help the brand adapt to changing consumer preferences while maintaining its focus on quality food and hospitality.
Why Carrabba’s Italian Grill Matters to NNN Investors
Carrabba’s benefits from strong brand recognition, an established operating history, and a nationwide footprint within the casual dining sector. The restaurants are typically positioned along major retail corridors, near regional shopping centers, and within dense suburban trade areas that generate consistent customer traffic.
Many locations occupy freestanding buildings on highly visible parcels with strong access, ample parking, and prominent signage. These real estate characteristics often contribute to long-term tenant viability and investor demand.
In addition, the brand continues to benefit from growth in off-premise dining, digital ordering, and loyalty-driven customer engagement. As consumer dining habits evolve, Carrabba’s has adapted by enhancing convenience and operational efficiency while maintaining its core dining experience.
For many investors, Carrabba’s represents an opportunity to own a recognizable restaurant asset backed by a well-established operator and strategically located real estate.
What Buyers and Sellers Should Evaluate
For investors evaluating Carrabba’s Italian Grill NNN properties, a Carrabba’s Italian Grill net lease, or a Carrabba’s Italian Grill ground lease, the investment thesis is typically centered on tenant strength, lease structure, and real estate fundamentals.
Common searches include Carrabba’s Italian Grill real estate, Carrabba’s Italian Grill cap rate, Carrabba’s Italian Grill lease term, Carrabba’s Italian Grill tenant credit, and restaurant property performance. Ultimately, Carrabba’s Italian Grill net lease value is driven by location quality, lease economics, operator strength, and long-term real estate utility.
Buyers should carefully evaluate whether the lease is corporate-backed or franchise-operated, remaining lease term, renewal options, rent escalations, and landlord responsibilities. Site-specific factors such as traffic counts, visibility, demographics, accessibility, and nearby retail anchors can significantly impact long-term investment performance.
In addition, investors should consider restaurant industry trends, local competition, residual real estate value, and alternative-use potential should the property ever become vacant. The strongest Carrabba’s locations are typically those with proven operating performance, strong market fundamentals, and long-term lease stability that support future resale value and cash-flow durability.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Carrabba’s Italian Grill ground lease properties or fee simple Carrabba’s Italian Grill assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.