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Restaurant

The Habit Burger

2860 Lenwood Rd, Barstow, CA 92311

Listing Price: $2,975,000

Cap Rate
5.90%
Tenant Name
The Habit Burger
Years Remaining On Lease
6.4
Guarantor
Local Franchisee
Rentable SF
3,952
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.40

Investment Overview

This is an opportunity to acquire a Habit Burger ground lease located 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.

Investment Highlights

  • Absolute Net Ground Lease
  • Zero Management Responsibilities
  • 10% Rental Increases Every 5 years
  • 65 Foot Freeway Signage
  • Top 36% of sales of all California stores, per Placer.ai

Exclusively Listed By

Restaurant

The Habit Burger

Listing Price: $2,975,000

Cap Rate
5.90%
Tenant Name
The Habit Burger
Years Remaining On Lease
6.4
Guarantor
Local Franchisee
Rentable SF
3,952
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.40

Investment Highlights

  • Absolute Net Ground Lease
  • Zero Management Responsibilities
  • 10% Rental Increases Every 5 years
  • 65 Foot Freeway Signage
  • Top 36% of sales of all California stores, per Placer.ai

Investment Overview

This is an opportunity to acquire a Habit Burger ground lease located 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.

Exclusively Listed By

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