Habit Burger | 5306 Sunset Blvd
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Habit Burger 5306 Sunset Blvd
2,700 SF 4-Star Retail Building Lexington, SC 29072 £2,212,028 (£819/SF) 5.50% Net Initial Yield
Investment Highlights
- 15-year NNN lease to The Habit Restaurants LLC
- 10% rental increases every five years after year 10
- Conveniently located along U.S. Route 378/Sunset Boulevard, with excellent visibility and access to 41,700 vehicles per day
- The Habit Burger Grill has more than 330 locations and over $466 million in revenue
- Adjacent to Lexington Marketplace, an upscale community shopping center anchored by The Fresh Market and Hobby Lobby
- New 2022 construction featuring dedicated drive-thru for added customer convenience
Executive Summary
The property is conveniently located along U.S. Route 378/Sunset Boulevard, with excellent visibility and access to 41,700 vehicles per day
Located in a dense retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Kohl’s, Publix, and ALDI
This The Habit Burger Grill is adjacent to Lexington Marketplace, an upscale community shopping center anchored by The Fresh Market and Hobby Lobby
The site greatly benefits from its proximity two miles from Downtown Lexington and 10 miles from Downtown Columbia
The location serves as a common gateway to Lake Murray, a popular recreation area and one of the fastest growing residential areas in the Charlotte region
Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising The Habit Burger Grill and Lexington for steady concurrent growth
Located in a dense retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Kohl’s, Publix, and ALDI
This The Habit Burger Grill is adjacent to Lexington Marketplace, an upscale community shopping center anchored by The Fresh Market and Hobby Lobby
The site greatly benefits from its proximity two miles from Downtown Lexington and 10 miles from Downtown Columbia
The location serves as a common gateway to Lake Murray, a popular recreation area and one of the fastest growing residential areas in the Charlotte region
Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising The Habit Burger Grill and Lexington for steady concurrent growth
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
£2,212,028
Price Per SF
£819
Net Initial Yield
5.50%
NOI
£121,662
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.89 AC
Parking
44 Spaces (16.3 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Nearby Major Retailers
-
Power Broker Vincent Aicale -
Power Broker Ryan Forsyth -
Power Broker Michael Yuras -
Power Broker Scott Crowle -
Cushman & Wakefield
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Habit Burger | 5306 Sunset Blvd
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