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  • For sale
The Habit Burger - Brand New 2023 Prototype - #1
The Habit Burger - Brand New 2023 Prototype - #2
The Habit Burger - Brand New 2023 Prototype - #3
The Habit Burger - Brand New 2023 Prototype - #4
The Habit Burger - Brand New 2023 Prototype - #5

For Sale

$4,265,000 USD

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase (fee simple) a brand-new construction single tenant absolute NNN lease drive-thru asset in Largo, FL, leased to The Habit Burger corporate (subsidiary of Yum! Brands) on a new 15-year lease.  The subject property is positioned near Tri-City Plaza with Anchor Tenants Including Publix Super Market, Ross, Burlington, Esporta Fitness, Five Below, and Dollar Tree. Other nearby retailers include Walmart Supercenter, Wendy’s, Applebee’s, Petco, Chipotle, and Wells Fargo. Positioned directly on East Bay Drive between Newport Rd and Bradford Cir E, this site sees 60,500+ VPD.

Located within the Greater Tampa Area, which has a population of 3.22 million people, the subject property will be the first Habit Burger in the area. The Tampa area is currently experiencing strong economic growth with many large companies deciding to relocate their headquarters to the Tampa area. Within a 5-mile radius there are 242,400+ residents with an average household income of over $82,240 providing a large consumer base with income to support store sales well into the future.  This is an excellent opportunity to acquire a brand-new construction 15-year corporate absolute NNN leased QSR investment, leased to one of the strongest burger restaurant brands in the U.S., with fixed rental increases (10% every 5 years).