THE HABIT BURGER OM INTERO - LoopNet€¦ · The Habit Burger Grill boasts over 200 locations with...

The Habit Burger Grill boasts over 200 locations with a projected 2019 revenue of over $460mil-lion. This is an excellent opportunity to own a net lease deal with minimal landlord obligations.This site includes 31 parking spaces. The Turlock submarket is one of the fastest growing MSA's in California .This area has experience steady growth over the last 25 years. The Habit Burger Grill is part of the 1.1 million sq ft Monte Vista Crossings Shopping Center which consists of a dynamic mix of 69 regional and national retail stores. Retail stores include Lowes, Target, Kohl's, Home Depot, Bed Bath and Beyond, T.J.Maxx, Safeway, Dick's Sporting Goods and many more retailers.

PROPERTY DESCRIPTION:

15 Year Lease NNN No Landlord Responsibility

Constructed in 2017

Part of 1.1 Million SF Monte Vista Crossings Shopping Center

Corporate Lease from The Habit Burger Grill

Scheduled Rental Increases

PROPERTY HIGHLIGHTS:

PARCEL NUMBER

ACREAGE

NOI

088-027-003-000

35,458 SF

$140,500 PRICE PER SF $46.83

ZONING Commercial

YEAR BUILT 2017

LEASE OVERVIEW

The Habit

Restaurants

LLC

SF

3,047

Term

3/15/17-

3/14/32

1-5 year

Annual

Rent

1-5 year

$140,500

6-10 year

$157,060

11-15 year

$175,600

Price

PSF

$46.11

$51.54

$57.63

Monthly

Rent

$11,708

$13,088

$14,633

Monthly

PSF

$3.84

$4.30

$4.80

Lease Note: Bump every 5 years.

2 – 5 Year Options to Extend

PROPERTY PHOTOS

EXECUTIVE SUMMARYDan Gluhaich is pleased to present The

Habit Burger Grill a 15 year NNN lease.

Scheduled increases within the initial

term and during the two - 5 year

options.

PROPERTY PHOTOS

LOCATOR MAP

TRADE MAP

W MONTE VISTA AVE

W TUOLUMNE RD

W HAWKEYE AVEFULKERTH RD

GO

LDE

N STA

TE H

WY

N GO

LDEN STATE BLVD

GO

LDE

N STA

TE H

WY

CALIFORNIA STATE UNIVERSITY STANISLAUS

TURLOCK JUNIORHICH SCHOOL

DONNELLY PARK

SUMMERFAIRE PARK

WALNUT ELEMENTARYEDUCATION CENTER

2019 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

10,146

3,424

2,387

2.96

1,788

1636

32.7

$63,931

$75,711

3 Miles

63,625

21,126

15,217

2.95

10,674

10,452

33.7

$58,729

$77,831

5 Miles

93,396

30,418

22,596

3.02

16,849

13,568

34.2

$60,568

$80,306

2024 Summary

Population

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

10,527

3,537

2,463

2.97

1,863

1,673

33.4

$74,358

$87,615

3 Miles

65,669

21,781

15,689

2.96

11,121

10,660

34.8

$68,621

$90,482

5 Miles

96,592

31,400

23,325

3.03

17,557

13,843

35.4

$70,512

$93,056

5 MILES

3 MILES

1 MILE

2,744Total Businesses

29,925Total Employees

5 MILE KEY FACTS

BUSINESS

INCOME

$26,222Per Capital Income

$82,652Median Net Worth

$60,568Median Household

Income

$80,306Average Household

IncomeAverageHousehold Size

93,396

Median Age

34.2

3.0

DEMOGRAPHICS

In the heart of California's Central Valley, Turlock is the second largest city in Stanislaus County with a population which has grown steadily from 13,992 in 1970 to over 70,000 today. Home of California State University Stanislaus (CSUS), Turlock provides an unusual opportunity to combine a quality learning environment with relaxed rural living.

PROPERTY PHOTOS

THE HABIT BURGER OM INTERO - LoopNet€¦ · The Habit Burger Grill boasts over 200 locations with...

Documents

Transcript of THE HABIT BURGER OM INTERO - LoopNet€¦ · The Habit Burger Grill boasts over 200 locations with...