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| Price $3,398,058 | Built/Renov 2023 | Tenant The Habit Burger Grill |
| Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,031
| Lease Start
04-05-2023
| #Units
378
|
| Price/SF $1,154.73 | Expiration
04-04-2038
| Tenant Type Fast Casual/Rest. |
| NOI $175,000 | R. Term 13.3 | Ownership Fee Simple |
| Rent/SF
$57.74
| Increases 10.0%/4/yrs | Pop 5Mi 242,566 |
| Lot/AC 0.97 | Options 4/5yrs/10% | AHHI 5Mi $70,523 |
| | |
This newly constructed Habit Burger Grill is strategically located on East Bay Drive with traffic counts exceeding more than 58,500 vehicles per day. The property is surrounded by many national retailers including PETCO, ROSS Dress for Less, Burlington, Five Below, and many others, promoting strong crossover traffic to the site. Habit Burger Grill benefits from being near many colleges and...
...New construction
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 15,618 | 97,505 | 244,173 |
| 2022 Total Population : | 15,668 | 97,589 | 244,003 |
| 2022 Employed Civilian Pop : | 8,689 | 52,151 | 128,799 |
| 2022 Total Businesses : | 581 | 5,557 | 14,716 |
| 2022 Average Household Income : | $ 70,626 | $ 79,664 | $ 82,302 |
| 2022 Total Consumer Spending : | $ 459 M | $ 3084 M | $ 7778 M |
| 2022 Median Age : | 47 | 49 | 48 |
| 2022 Total Households : | 7,478 | 44,719 | 109,290 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,794 | 14,601 | 35,089 |
| 2022 Average Home Value : | $ 269,430 | $ 247,600 | $ 278,661 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Bay Drive | Bedford Cir E | 2020 | 54,500 | 0.09 mi |
| E Bay Dr | 69th St N | 2011 | 58,500 | 0.35 mi |
| 66th St N | 3rd St | 2010 | 78,500 | 0.44 mi |
| 1st St | 2020 | 1,900 | 0.44 mi | |
| 9th St | 2020 | 1,900 | 0.47 mi | |
| 1st St | 2020 | 1,900 | 0.47 mi | |
| 66th St N | Roosevelt Blvd | 2011 | 60,465 | 0.49 mi |
| 4th St | 2020 | 1,900 | 0.51 mi | |
| Roosevelt Blvd | Dodge St | 2011 | 46,000 | 0.56 mi |
| I 4 | 150th Ave N | 2020 | 86,500 | 0.62 mi |
Inver Grove Heights, MN
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R. Term 19.90 yrs
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Murrieta, CA
Cap Rate 4.38%
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Cincinnati, OH
Cap Rate 5.50%
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R. Term 14.10 yrs
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Rio Rancho, NM
Cap Rate 4.28%
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R. Term 15.20 yrs
Size/SF 3,181
Vineland, NJ
Cap Rate 5.10%
Lease NN+
R. Term 14.60 yrs
Size/SF 2,325
Murfreesboro, TN
Cap Rate 4.65%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 2,335
Daphne, AL
Cap Rate 5.00%
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Size/SF 2,226
Tampa, FL
Cap Rate 5.00%
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Lecanto, FL
Cap Rate 4.70%
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R. Term 14.70 yrs
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Bellflower, CA
Cap Rate 5.10%
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R. Term 14.50 yrs
Size/SF 2,500
Las Vegas, NV
Cap Rate 4.61%
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R. Term 13.40 yrs
Size/SF 3,658
Arlington, TX
Cap Rate 4.50%
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R. Term 14.11 yrs
Size/SF 2,325
Dallas, TX
Cap Rate 4.15%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 4,680
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
