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Shopping Strip

WSS Shoes & Habit Burger(Yum! Brands)

5120 & 5110 W Indian School Rd, Phoenix, AZ 85031

Listing Price: $8,230,000

Cap Rate
5.55%
Gross SF
13,100
Rentable SF
13,100
Price/Gross SF
$628.24
Lot Size
2.02 acres
Year Built
2020

Investment Overview

WSS is a retail chain of shoe stores headquartered in Los Angeles, California with over 80 retail outlets. The company primarily serves working-class, underserved communities within bustling, city neighborhoods. WSS retail outlets are located throughout California, Arizona, Texas, and Nevada. The Habit Burger Grill is a burger-centric, fast casual restaurant concept that specializes in preparing fresh, made-to-order chargrilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken, and sushi-grade albacore tuna cooked over an open flame. The first Habit Burger Grill opened in Santa Barbara, California in 1969 and has since grown to more than 300 restaurants in U.S. states including California, Arizona, Florida, Idaho, Maryland, Nevada, New Jersey, Utah, Virginia, and Washington, as well as internationally in Cambodia and China. In March 2020, Yum! Brands, the parent company of Taco Bell and KFC, acquired Habit Burger. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than one and a half million.

Investment Highlights

  • 10-Year Leases with 10 Percent Rental Increases Every Five Years
  • Corporate Guaranty with WSS Shoes (Eurostar, Inc.)
  • Absolute Triple-Net Lease with The Habit Burger Grill (Drive-Thru Location)
  • 490,040 Residents within a Five-Mile Radius - Dense Phoenix Infill
  • Outparcel to Walmart Supercenter
  • High Traffic Location Along West Indian School Road, a Major Thoroughfare - Visible to Over 46,200 Cars Per Day
  • Across from American Family Fields of Phoenix Baseball Park, Spring Training Home to the Milwaukee Brewers
  • Situated in Major Retail Corridor - Walmart, Ross, Ace Hardware, McDonald's, Raising Cane's, El Super, and More

Exclusively Listed By

Shopping Strip

WSS Shoes & Habit Burger(Yum! Brands)

Listing Price: $8,230,000

Cap Rate
5.55%
Gross SF
13,100
Rentable SF
13,100
Price/Gross SF
$628.24
Lot Size
2.02 acres
Year Built
2020

Investment Highlights

  • 10-Year Leases with 10 Percent Rental Increases Every Five Years
  • Corporate Guaranty with WSS Shoes (Eurostar, Inc.)
  • Absolute Triple-Net Lease with The Habit Burger Grill (Drive-Thru Location)
  • 490,040 Residents within a Five-Mile Radius - Dense Phoenix Infill
  • Outparcel to Walmart Supercenter
  • High Traffic Location Along West Indian School Road, a Major Thoroughfare - Visible to Over 46,200 Cars Per Day
  • Across from American Family Fields of Phoenix Baseball Park, Spring Training Home to the Milwaukee Brewers
  • Situated in Major Retail Corridor - Walmart, Ross, Ace Hardware, McDonald's, Raising Cane's, El Super, and More

Investment Overview

WSS is a retail chain of shoe stores headquartered in Los Angeles, California with over 80 retail outlets. The company primarily serves working-class, underserved communities within bustling, city neighborhoods. WSS retail outlets are located throughout California, Arizona, Texas, and Nevada. The Habit Burger Grill is a burger-centric, fast casual restaurant concept that specializes in preparing fresh, made-to-order chargrilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken, and sushi-grade albacore tuna cooked over an open flame. The first Habit Burger Grill opened in Santa Barbara, California in 1969 and has since grown to more than 300 restaurants in U.S. states including California, Arizona, Florida, Idaho, Maryland, Nevada, New Jersey, Utah, Virginia, and Washington, as well as internationally in Cambodia and China. In March 2020, Yum! Brands, the parent company of Taco Bell and KFC, acquired Habit Burger. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than one and a half million.

Exclusively Listed By

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