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.