The Habit Burger Grill | 2121 W Roosevelt Blvd
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The Habit Burger Grill 2121 W Roosevelt Blvd
2,700 SF Retail Building Monroe, NC 28110 $2,261,545 ($838/SF) 5.85% Cap Rate
Investment Highlights
- Leading Casual Dining Tenant | Wholly Owned Subsidiary of Yum! Brands, Inc.
- Recent 2022 Construction | Filling a Need | Only Habit Burger Location in Over 20 Miles
- Outparcel to the 395,000 SF Monroe Crossing Mall
- Long-Term NNN Lease with Attractive Rent Increases | Three, 5-Year Renewal Options
- Excellent Access & Visibility Along NC-74/W Roosevelt Boulevard (50,000 VPD)
- Charlotte-Concord-Gastonia, NC-SC MSA Advantage | MSA Population 2.79M+
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,700-square-foot Habit Burger Grill located on 0.54 acres in Monroe, North Carolina — part of the Charlotte-Concord-Gastonia, NC-SC MSA (MSA population: 2.79M+).
The Habit Burger Grill’s NNN lease features ±13.3 years of term remaining with attractive 10% rent increases in 2028 and 2033 during the initial term and in each of the three, 5-year renewal options. The corporate lease is backed by The Habit Restaurants, LLC—a wholly-owned subsidiary of Yum! Brands Inc. (NYSE: YUM). Completed in 2022, this recently constructed Monroe location is one of only six Habit Burger Grills in the state of North Carolina. The next-closest location is over 20 miles west in Indian Land, South Carolina. The property is equipped with a drive-thru and was built to Habit Burger’s latest prototype.
The Habit Burger Grill’s NNN lease features ±13.3 years of term remaining with attractive 10% rent increases in 2028 and 2033 during the initial term and in each of the three, 5-year renewal options. The corporate lease is backed by The Habit Restaurants, LLC—a wholly-owned subsidiary of Yum! Brands Inc. (NYSE: YUM). Completed in 2022, this recently constructed Monroe location is one of only six Habit Burger Grills in the state of North Carolina. The next-closest location is over 20 miles west in Indian Land, South Carolina. The property is equipped with a drive-thru and was built to Habit Burger’s latest prototype.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Year Built
2022
Price
$2,261,545
Price Per SF
$838
Cap Rate
5.85%
NOI
$132,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.54 AC
Zoning
CD - Commercial District - Monroe Crossing
Parking
29 Spaces (10.74 Spaces per 1,000 SF Leased)
Frontage
90 FT on US-74
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-264-003-E | Improvements Assessment | $516,200 |
| Land Assessment | $483,300 | Total Assessment | $999,500 |
PROPERTY TAXES
Parcel Number
09-264-003-E
Land Assessment
$483,300
Improvements Assessment
$516,200
Total Assessment
$999,500
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Kaitlyn Wolf -
Mike Burkard -
Abby Kelly -
Leah Lindell -
CBRE
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The Habit Burger Grill | 2121 W Roosevelt Blvd
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