This is an opportunity to acquire a 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, and 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. This Habit Burger is in the top 1/3 in California and Nationally per Placer AI.
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 features fixed rental increases of 10% every 5 years, with the next rent increase of 10% in October of 2027 providing a hedge against inflation and predictable income growth over the term.