Habit Burger 15 Year Corp Guarantee (Yum!) 4855 E Bay Dr

Investment Highlights

The Habit Burger Grill Located at 4855 East Bay Drive in Clearwater, Florida (Population of Largo Over 82,500 Residents) 2023 Construction | 10% Increases Every 5 Years Average Household Income Exceeds $70,500 in a 5 Mile Radius Corporate Guaranteed Habit Burger Grill | 14+ Years Remaining on Absolute NNN Lease Excellent Exposure: Located on the Busy East Bay Drive with traffic Counts Exceeding more than 58,500 Vehicles Per Day Property a Few Minutes From HCA Florida Largo Medical Center

Executive Summary

Marcus & Millichap is pleased to present for sale The Habit Burger Grill located at 4855 East Bay Drive in Clearwater, Florida. Largo is the third largest city in Pinellas County as well as the fourth largest city in the Tampa Bay area with a population over 82,500. The healthcare industry continues to grow in Largo, Florida with hospitals among the area?s strongest employers, including Largo Medical Center owned by Hospital Corporation of America. Many colleges and universities surround this Habit Burger Grill property including Pinellas Technical College with 5,000 students, St. Petersburg College with 7,226 students and Nova Southeastern University with 20, 888 students. Nearby the property is HCA Florida Largo Hospital. Numerous apartment complexes surround this property including Sandy Lane Apartments with 235 rented units, Gateway North with 342 rented units, Floral Gardens with 56 rented units, Winding Lane Apartments, Oasis at Bayside East Apartments, Central Park at East Bay and many, many more. Habit Burger Corporation was founded in 1969 in Santa Barbara, California and today there are more than 350 Habit Burger Grill restaurants in communities across the country. Habit Burger is a fast-casual restaurant that offers the unique flavors of chargrilling over an open flame in a variety of freshly made burgers, sandwiches, salads and more. In 2022, Habit Burger generated $661 Million in systemwide sales and added 31 new restaurant units to the brand?s footprint. In 2020 Yum! Brands acquired the Habit and are making strides in capitalizing on shared services.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    3,031
• Building Class    C
• Year Built    2023
• Price    3,398,058
• Price Per SF    1,121
• Cap Rate    5.15
• NOI    175,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.97 AC