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Habit Burger 4855 E Bay Dr

3,031 SF Retail Building Clearwater, FL 33764 £2,659,548 (£877/SF) 5.15% Net Initial Yield

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Investment Highlights

15-year absolute NNN lease to The Habit Restaurants LLC
10% rental increases every five years in initial term and option periods
New 2023 construction featuring dedicated drive-thru for added customer convenience

The Habit Burger Grill has more than 330 locations and over $466 million in revenue
Absolute NNN lease requires no landlord management, ideal for an out of area investor

Executive Summary

The property is conveniently located along East Bay Drive, with excellent visibility and access to a robust 62,000 vehicles per day. Located in a dense retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Petco, Burlington, Five Below, CarMax, Applebee’s, Raising Cane’s, Wendy’s, and many more. This The Habit Burger Grill is adjacent to TriCity Plaza, an upscale community shopping center anchored by Publix. The site greatly benefits from its proximity seven miles from Downtown Clearwater (116,689 population). The location serves as a common gateway to the St. Pete–Clearwater International Airport, which welcomed 2,494,952 passengers in 2023. 247,796 residents live within five miles of the property, providing a large and reliable customer base. Projected income increase within 1-, 3-, and 5-mile radii over the next five years, poising The Habit Burger Grill and Clearwater for steady concurrent growth.