2860 Lenwood Rd - Restaurant FOR SALE


Barstow, CA 92311
$3,190,000 USD
714-267-8582
2860 Lenwood Rd, Barstow, CA for Sale
$3,190,000 USD
Restaurant - FOR SALE
1/3
null | 5% Cap Rate

NEW


2860 Lenwood Rd
Barstow, CA 92311


HIGHLIGHTS

  • Corporate Habit Burger Ground Lease

OVERVIEW

This is an opportunity to acquire a corporate-guaranteed (Yum Brands) ground lease with The Habit Burger Grill in Barstow, California. The property was newly constructed in 2017 to suit Habit Burger Grill consisting of a 3,952 square feet with drive through, 65 foot freeway sign, sitting on .81-acre parcel. The real estate benefits from its strong location at the I-15 Freeway (86,000 ADT) and Lenwood Road. This location is home to Outlets at Barstow a 330,000 Square foot outlet mall with 37 Retailers that include some of most recognized and sought after brands in the retail industry. Sixty million travelers pass through Barstow annually visiting the renowned Outlet and surrounding eateries and fuel stations. The lease is a true NNN (triple net) ground lease, with the tenant, The Habit Burger Grill, is responsible for all property taxes, insurance, and maintenance costs. This structure provides an investor with a passive income stream, with absolutely no landlord responsibilities. The lease is guaranteed by Habit Restaurants, LLC, a subsidiary of Yum! Brands (NYSE: YUM), a global leader in the restaurant industry. This corporate guarantee adds a significant layer of security, as it’s backed by a credit-rated entity. The lease features fixed rental increases of 10% every 5 years, providing a hedge against inflation and predictable income growth over the term.

FOR SALE DETAILS

PRICE

$3,190,000 USD

PRICE/SF

$749 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Corporate Habit Burger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Commercial (C)

APN/PARCEL ID

0421-313-41

ASK ABOUT THIS PROPERTY

Paul BitontiMarcus & MillichapMore Info
714-267-8582

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Paul BitontiMarcus & MillichapMore Info
714-267-8582

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