The Habit Burger Grill

7740 Charlotte Highway, Indian Land, SC 29707

$2,581,100

Cap Rate 5.50%

Views: 23 DOM: 31 Updated: 04.16.24 Posted: 04.16.24 Status: Active

Summary

Price $2,581,100	Built/Renov 2019	Tenant The Habit Burger Grill
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,251	Lease Start 10-16-2019	#Units 378
Price/SF $793.94	Expiration 10-31-2034	Tenant Type Fast Casual/Rest.
NOI $141,960	R. Term 10.5	Ownership Fee Simple
Rent/SF $43.67	Increases 4.9%/1/yrs	Pop 5Mi 73,385
Lot/AC 0.88	Options 3/5yrs/10%	AHHI 5Mi $152,742

Lease Highlights

The Habit Burger Grill has 10+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features fluctuating rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

The Habit Burger Grill is strategically located on Charlotte Highway, with access to 30,800 vehicles passing by daily. The property is conveniently positioned just a few feet from its intersection with Jim Wilson Road, which sees an additional 6,500 VPD. Moreover, it serves as an outparcel to The Promenade at Carolina Reserve, featuring well-known national tenants such as Ross Dress for Less,...

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Key Features

Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

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Links

The Habit Burger Grill Wikipedia The Habit Burger Grill Wikipedia Indian Land, South Carolina Zip Code 29707 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Habit Burger Grill
Guarantor:Corp T and Rated
Company:Yum! Brands, Inc.
# Units:378
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: YUM

About Tenant

The Habit Restaurants Inc. is a burger-centric, fast-casual restaurant concept. It specializes in preparing fresh, made-to-order char-grilled burgers and sandwiches featuring USDA choice tri-tip...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,514	31,668	74,131
2023 Total Population :	6,153	29,649	69,771
2023 Employed Civilian Pop :	2,016	10,919	29,560
2023 Total Businesses :	138	367	1,128
2023 Average Household Income :	$ 126,665	$ 138,720	$ 151,699
2023 Total Consumer Spending :	$ 289 M	$ 1440 M	$ 3229 M
2023 Median Age :	51	48	41
2023 Total Households :	2,684	12,179	24,984
2023 Pop Age 25+: Bachelor's Degree :	1,446	7,988	17,858
2023 Average Home Value :	$ 394,635	$ 397,523	$ 450,286

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Van Wyck Rd	Charlotte Hwy	2014	1,300	0.54 mi
Jim Wilson Road	Roxbourgh St	2021	6,600	0.77 mi
Jim Wilson Road	Dale Ln	2022	6,500	0.77 mi
Shelley Mullis Road	Rising Sun Ln	2022	6,700	1.42 mi
Charlotte Highway	Charles Pettus Rd	2021	21,400	1.51 mi
Charlotte Highway	Van Wyck Rd	2022	20,500	1.51 mi
Doby Bridge Rd	Dave Williams Rd	2017	5,400	1.80 mi
Dobys Bridge Road	Dave Williams Rd	2022	10,400	1.84 mi
Charlotte Highway	Matter Ln	2022	30,800	1.84 mi
Waxhaw Hwy	Cross Creek Ests Rd	2017	5,800	2.46 mi

Listing Broker

Thomas Carr

CBRE: NLP Atlanta

Contact

125 Listings
6072 Views
44 Sold

Chris Bosworth

CBRE

Contact

121 Listings
5953 Views
43 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

CBRE: NLP Atlanta

Contact

122 Listings
5995 Views
41 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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