Investment Overview

Marcus & Millichap is pleased to present for sale this Habit Burger Fast Food Restaurant located at 19169 South Dixie Highway in Cutler Bay (Miami), Florida. Cutler Bay is an incorporated town in Miami-Dade County, Florida with a population over 45,000. Cutler Bay is the 9th most populous of the 34 municipalities that make up Miami’s urban core. The town was named after Dr. William Cutler of Massachusetts who visited the area in 1880 and encouraged others to settle in the town of Cutler. Cutler bay is located just west of Biscayne Bay and 18 miles southwest of downtown Miami. Cutler Bay is home to the Charles Deering Estate which welcomes over 75,000 visitors each year and is listed on the National Register of Historic Places. Numerous apartment complexes surround this Habit Burger Restaurant including Paradise Isles Apartments with 199 rented units, Cutler Gardens Apartments with 440 rented units, First West Cutler Gardens with 440 rented units, Carib Villas Apartments with 365 rented units, Cutler Bay Centre Apartments with 101 rented units, Cutler Manor Apartments with 220 rented units, and Cutler Riverside Apartments with 200 rented units. Several brand new home development communities have also been built nearby this Habit Burger property including Lennar Homes at Enclave Old Cutler two miles away, Lennar at Crystal Cay two miles away, Lennar at Verdana landings 2.8 miles away, Lennar at Venezia three miles away, Lennar at Campo Bello 3.3 miles away, Lennar at Galiano Pointe four miles away, Lennar at Corsica 4.5 miles away, Lennar at Serenity six miles away and Lennar at Pine Vista 6.8 miles away. Located less than one mile from this Habit Burger property is Southland Mall which will undergo a $1 Billion Dollar reinvention by Electra America, a real estate private equity firm and will soon be renamed Southplace City Center. This will include 4,400 market rate apartments, 60,000 Square Feet of Medical Space, a 150 Key Hotel and over 500,000 square feet of retail. Several colleges and universities and colleges are located nearby this property including Florida International University with over 56,000 students and Miami Dade College with 46,523 students as well as Florida Technical College. The Habit Burger Grill is an American fast Casual restaurant chain that specializes in chargrilled hamburgers. The company also sells other typical fast-casual fare. It is headquartered in Irvine, California. In March 2020, Yum! Brands, the parent company of KFC, Pizza Hut, Taco Bell and Wingstreet acquired the Habit Burger Grill. There are 316 locations in the United States, Cambodia, China and United Arab Emirates. It has 6,093 employees and Annual Revenue over $402 Million Dollars. Products it serves include Chargrilled burgers, sandwiches, salads, kids meals, frozen desserts and beverages.