The Habit Burger Grill,
Lexington, SC Investment Summary
| Price | $3,243,000 |
| Cap Rate | 4.75% |
| NOI | $154,000 |
| Lease Term | 15 Years |
| Lease Type | NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot |
| Rental Increases | 10% rental increases every five (5) years after year 10 |
| Year Built | 2022 |
| Building Size | 2,700 SF |
| Lot Size | 0.89 Acres (38,768 SF) |
| Status | Available |
| Lead Brokers | Vincent Aicale Vice Chairman 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Vice Chairman 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 15-YEAR NNN LEASE
» 15-year NNN lease to The Habit Restaurants LLC
» The Habit Burger Grill has more than 330 locations and over $466 million in revenue
» 10% rental increases every five years after year 10
» NNN lease requires no landlord management, ideal for an out of area investor
» New 2022 construction featuring dedicated drive-thru for added customer convenience
INFILL LOCATION IN DENSE LEXINGTON RETAIL CORRIDOR
» Conveniently located along U.S. Route 378/Sunset Boulevard, with excellent visibility and access to 41,700 vehicles per day
» Convenient access to Interstate 20 (65,700 AADT)
» Adjacent to Lexington Marketplace, an upscale community shopping center anchored by The Fresh Market and Hobby Lobby
» Surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Kohl’s, Publix, ALDI, and many more
» Centrally located approximately two miles from Downtown Lexington and 10 miles from Downtown Columbia
DENSELY POPULATED AREA WITH EXCELLENT DEMOGRAPHICS
» 90,309 residents live within five miles of the property
» Average annual household income of $129,860 within a one-mile radius of the site
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising The Habit Burger Grill and Lexington for steady concurrent growth
» Lexington’s population has increased by over 166% since 2000
» Less than two miles from Lake Murray, a popular recreation area and one of the fastest growing residential areas in the Charlotte region
Property Description
» The property is conveniently located along U.S. Route 378/Sunset Boulevard, with excellent visibility and access to 41,700 vehicles per day
» Located in a dense retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Kohl’s, Publix, and ALDI
» This The Habit Burger Grill is adjacent to Lexington Marketplace, an upscale community shopping center anchored by The Fresh Market and Hobby Lobby
» The site greatly benefits from its proximity two miles from Downtown Lexington and 10 miles from Downtown Columbia
» The location serves as a common gateway to Lake Murray, a popular recreation area and one of the fastest growing residential areas in the Charlotte region
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising The Habit Burger Grill and Lexington for steady concurrent growth
