Restaurant
The Habit
2860 Lenwood Rd, Barstow, CA 92311
Listing Price: $3,190,000
Investment Overview
This is an opportunity to acquire a corporate-guaranteed (Yum Brands) ground lease with The Habit Burger Grill in Barstow, California. The property was newly constructed in 2017 to suit Habit Burger Grill consisting of a 3,952 square feet with drive through, 65 foot freeway sign, sitting on .81-acre parcel. The real estate benefits from its strong location at the I-15 Freeway (86,000 ADT) and Lenwood Road. This location is home to Outlets at Barstow a 330,000 Square foot outlet mall with 37 Retailers that include some of most recognized and sought after brands in the retail industry. Sixty million travelers pass through Barstow annually visiting the renowned Outlet and surrounding eateries and fuel stations.
The lease is a true NNN (triple net) ground lease, with the tenant, The Habit Burger Grill, is responsible for all property taxes, insurance, and maintenance costs. This structure provides an investor with a passive income stream, with absolutely no landlord responsibilities. The lease is guaranteed by Habit Restaurants, LLC, a subsidiary of Yum! Brands (NYSE: YUM), a global leader in the restaurant industry. This corporate guarantee adds a significant layer of security, as it’s backed by a credit-rated entity. The lease features fixed rental increases of 10% every 5 years, providing a hedge against inflation and predictable income growth over the term.
The Habit
Investment Highlights
- Absolute Net Corporate Grounds Lease. Corporate Habit Burger Grill Lease (Yum Brands International).
- Zero Management Responsibilities. 10% Rental Increases Every 5 years. Next Rent Increase 2027.
- 65 Foot Freeway Signage. Top 36% of sales of all California stores, per Placer.ai
- I-15 Freeway Location. Major Throughfare to Las Vegas, Los Angeles and San Diego. 86,000 Cars Per Day.
- Adjacent to Outlets at Barstow. 60 million Commuters Pass Through Barstow Annually.
- High Barriers to Entry Market for additional Quick Service Restaurants.
Exclusively Listed By
Financing By
Listing Price: $3,190,000
Investment Highlights
- Absolute Net Corporate Grounds Lease. Corporate Habit Burger Grill Lease (Yum Brands International).
- Zero Management Responsibilities. 10% Rental Increases Every 5 years. Next Rent Increase 2027.
- 65 Foot Freeway Signage. Top 36% of sales of all California stores, per Placer.ai
- I-15 Freeway Location. Major Throughfare to Las Vegas, Los Angeles and San Diego. 86,000 Cars Per Day.
- Adjacent to Outlets at Barstow. 60 million Commuters Pass Through Barstow Annually.
- High Barriers to Entry Market for additional Quick Service Restaurants.
Investment Overview
This is an opportunity to acquire a corporate-guaranteed (Yum Brands) ground lease with The Habit Burger Grill in Barstow, California. The property was newly constructed in 2017 to suit Habit Burger Grill consisting of a 3,952 square feet with drive through, 65 foot freeway sign, sitting on .81-acre parcel. The real estate benefits from its strong location at the I-15 Freeway (86,000 ADT) and Lenwood Road. This location is home to Outlets at Barstow a 330,000 Square foot outlet mall with 37 Retailers that include some of most recognized and sought after brands in the retail industry. Sixty million travelers pass through Barstow annually visiting the renowned Outlet and surrounding eateries and fuel stations. The lease is a true NNN (triple net) ground lease, with the tenant, The Habit Burger Grill, is responsible for all property taxes, insurance, and maintenance costs. This structure provides an investor with a passive income stream, with absolutely no landlord responsibilities. The lease is guaranteed by Habit Restaurants, LLC, a subsidiary of Yum! Brands (NYSE: YUM), a global leader in the restaurant industry. This corporate guarantee adds a significant layer of security, as it’s backed by a credit-rated entity. The lease features fixed rental increases of 10% every 5 years, providing a hedge against inflation and predictable income growth over the term.
Exclusively Listed By
Financing By
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