2121 W Roosevelt Blvd - Fast Food FOR SALE


Monroe, NC 28110
$2,261,545 USD
404-504-7900
2121 W Roosevelt Blvd, Monroe, NC for Sale
$2,261,545 USD
Fast Food - FOR SALE
1/15
null | 5.85% Cap Rate

2121 W Roosevelt Blvd
Monroe, NC 28110


HIGHLIGHTS

  • Leading Casual Dining Tenant | Wholly Owned Subsidiary of Yum! Brands, Inc.
  • Long-Term NNN Lease with Attractive Rent Increases | Three, 5-Year Renewal Options
  • Recent 2022 Construction | Filling a Need | Only Habit Burger Location in Over 20 Miles
  • Excellent Access & Visibility Along NC-74/W Roosevelt Boulevard (50,000 VPD)
  • Outparcel to the 395,000 SF Monroe Crossing Mall
  • Charlotte-Concord-Gastonia, NC-SC MSA Advantage | MSA Population 2.79M+

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,261,545 USD

PRICE/SF

$838 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Habit Burger Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

CD

APN/PARCEL ID

09-264-003-E

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.