The Habit Burger Grill

2121 West Roosevelt Boulevard, Monroe, NC 28110

$2,341,600

Cap Rate 5.65%

Views: 130 DOM: 46 Updated: 08.27.24 Posted: 08.01.24 Status: Active

Summary

Price $2,341,600	Built/Renov 2022	Tenant The Habit Burger Grill
Cap Rate 5.65%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,700	Lease Start 03-01-2023	#Units 378
Price/SF $867.26	Expiration 02-28-2038	Tenant Type Fast Casual/Rest.
NOI $132,300	R. Term 13.5	Ownership Fee Simple
Rent/SF $49.00	Increases 10.0%/3/yrs	Pop 5Mi 50,031
Lot/AC 0.54	Options 3/5yrs/10%	AHHI 5Mi $90,382

Lease Highlights

The Habit Burger Grill has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Corporate guaranteed lease

Location Description

The Habit Burger Grill is strategically located on W Roosevelt Boulevard, with access to a robust daily traffic count of 50,000 vehicles. The property is situated as an outparcel to Monroe Crossing Mall, which features well-known national tenants including Belk, Best Buy, Roses, Planet Fitness, JOANN, Hibbett Sports, and more. Monroe Crossing Mall has welcomed over 335,000 visitors through 2.4...

...

Key Features

New construction
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Affluent suburb location
Long 10+ yr lease
Traded and rated company
Corporate Guarantee

...

Links

The Habit Burger Grill Wikipedia The Habit Burger Grill Wikipedia Monroe, North Carolina Zip Code 28110 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...

...

Listing Broker

Brian Pfohl

CBRE: NLPG Atlanta

Contact

128 Listings
12792 Views
60 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

128 Listings
12623 Views
62 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

...

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

...

Thomas Carr

CBRE: NLPG Atlanta

Contact

130 Listings
12825 Views
63 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

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT