The Habit Burger Grill 11608 Amargosa Road, Victorville, CA Cap Rate 3.75% Victorville ( California, US ) Built

$3,999,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,400 sq. ft.
  • Development Level: Built
  • Lot Size: 0.71 acres
  • Year Built: 2017

Description

The Habit Burger Grill 11608 Amargosa Road, Victorville, CA Cap Rate 3.75%

Cap Rate: 3.75%
NOI: $150,000
Building Size: 3,400 sqft
Lot Area: 0.71 acres
Tenancy: Single
Year Built: 2017

DESCRIPTION
Single-Tenant The Habit Burger Grill Drive-Thru:
-Corporate guaranteed lease (NYSE: YUM); Habit Burger was acquired by Yum! Brands on March 18, 2020
-Absolute NNN ground lease; zero landlord responsibilities
-17 years remaining on initial 20-year term; 10% increases every 5 years
-Strong store sales (contact listing agent for further details)
-Yum! Brands operates over 50,000 locations in more than 150 countries and territories; parent company of KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill
-Yum! Brands digital sales reached a record $3.5 billion in Q2 2020 amid the COVID-19 pandemic, an increase of more than $1 billion compared to the same period last year
Part of Restaurant Row: A synergistic mix of restaurants consisting of Starbucks Coffee, Nekter Juice Bar, Which Wich Superior Sandwiches, Pieology Pizza, Ono Hawaiian Barbeque, Café Rio Mexican Grill, The Habit Burger, and Cracker Barrel.
Freeway Adjacent; Excellent Accessibility, Identity and Visibility: Fronts Amargosa Road (66,000 CPD) and the I-15 freeway (110,000 CPD)
High Growth Victor Valley Demographics/Explosive Trade Area Growth:
-15,663 homes planned in the Victor Valley region; 35% increase in new home permits in 2019
-85% population growth in Victorville since 2006
Dominant Retail Trade Area: Nearby national/regional tenants include Walmart Supercenter, 99 Cents Only, dd’s Discounts, El Super, Food 4 Less, Home Depot, Kohl’s, Lowe’s, Michaels, Petco, PetSmart, Ross Dress for Less, and Smart & Final
Excellent High Desert Location: Easily accessible to the entire Victor Valley (Adelanto, Apple Valley, Hesperia, and Victorville); 170,000 people within a 5-mile radius

For mor information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.