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RARE “FREE-STANDING DRIVE-THRU” HABIT BURGER GRILL |
DENSE RESIDENTIAL DEMOGRAPHICS | TREMENDOUS TRAFFIC COUNTS
1730 EAST CRAIG ROAD, NORTH LAS VEGAS, NEVADA 89030
VIEWPROPERTYVIDEO
REPRESENTATIVE PHOTO
PRESENTED BY
Candace Bare
Senior Associate
LAS VEGAS OFFICE
Tel: (702) 215-7125
candace.bare@marcusmillichap.com
NV License: S.0171556
financial overview
financial overview
annualized operating data
Rent Increases Annual Rent Monthly Rent
Year 1 - Year 5 $150,000 $12,500
Year 6 - Year 10 $165,000 $13,750
Year 11 - Year 15 $181,500 $15,125
Option 1: Year 16 - Year 20 $199,650 $16,638
Option 2: Year 21 - Year 25 $219,615 $18,301
Option 3: Year 26 - Year 30 $241,577 $20,131
Base Rent ($4.39/SF) $150,000
Net Operating Income $150,000
Total Return 4.00% / $150,000
pricing
Property Name Habit Burger Grill
Property Address 1730 East Craig Road
North Las Vegas, NV 89030
Price $3,750,000
Cap Rate 4.00%
Gross Leasable Area 2,847 SF
Year Built 2017
Lot Size 1.00 Acres
tenant summary
Tenant Trade Name Habit Burger Grill
Lease Type Triple Net (NNN)
Lease Guarantor Franchisee
Roof and Structure Tenant Responsible
Initial Lease Term 15 Years
Lease Commencement Date 12/16/2017
Lease Expiration Date 12/15/2032
Increases 10% Every 5 Years
Options Three, Five-Year Options
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
2
The asset will be delivered free and clear of debt and is offered as an all cash transaction.
Multiple financing options are available. Contact the listing team to discuss.
executive summary
investment overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
4
·· Brand New 15-Year Triple-Net Lease With 10 Percent Rent Increases | Three, Five-Year
Options | Zero Landlord Responsibilities
·· Brand New Construction | Opening December 2017
·· Highly Visible, Easily Accessible Drive-Thru | Fronting Craig Road With Traffic Counts of
55,600 Cars Per Day
·· Fantastic Demographics | Nearly 393,000 Residents With an Average Household In-
come of $55,939 Within a Five-Mile Radius
·· Dense Residential Demographics | Nearly 45,000 Households Within Three Miles
·· Located in Primary Commercial Corridor | Other Retailers in the Immediate Area In-
clude In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic Drive-In, Panda Express,
Lowe’s, 7-Eleven, and Much More
·· Daytime Population of 88,010 Within a Five-Mile Radius
·· Close Proximity to Interstate 15 On and Off Ramps | Interstate 15 Has 262,000 Cars
Per Day that Pass the Craig Road On and Off Ramps
·· Location Offers Perfect Combination of Complementary Tenants, Hospitality, Entertain-
ment, Residential Housing, and Daytime Employment
·· “Going Home and Going to Work” Traffic Patterns
·· The Unit is Leased to a Franchisee | 30+ Years of Combined Restaurant Experience
| Exclusive Operating Rights For The Habit Burger Grill in Las Vegas | Seven Current
Locations in Las Vegas With 12-15 More Opening by 2019
investment highlights
1 Mile 3 Miles 5 Miles
2016 Population 7,295 153,634 393,084
2016 Households 2,452 45,028 106,865
2016 Average Household Size 3.12 3.35 3.25
2016 Daytime Population 3,749 29,540 88,010
2016 Owner Occupied Housing Units 53.86% 51.79% 48.76%
2016 Renter Occupied Housing Units 46.14% 48.21% 51.24%
2016 Average Household Income $63,653 $59,470 $55,939
Marcus & Millichap is pleased to present for sale a Habit Burger Grill located
in North Las Vegas, Nevada. The property is leased under a 15-year triple-net
lease with three, five-year options.
Single-tenant net leased Habit Burger Grill restaurants are seldom offered to
the market. The Habit Burger Grill has 195 locations nationwide averaging over
a million customer visits each week. Habit Burger Grill’s overall sales have grown
by 20 percent from 2015 to 2016 making it the fifth fastest-growing restaurant
chain for Nation’s Restaurant News’ 2017 Second 100.
The property is located minutes from Interstate 15 on and off ramps and several
major retailers including In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic
Drive-In, Panda Express, Lowe’s, 7-Eleven, and much more. With frontage along
East Craig Road, the location is exposed to over 55,000 vehicles each day.
Located at the northern tip of the Las Vegas Valley, North Las Vegas is one of
Nevada’s fastest growing cities. The city of North Las Vegas has been widely no-
ticed for its substantial growth, having recognized a 45 percent increase in pop-
ulation since 2000. Some of its growth has come from an industrial real estate
boom led by the need for warehouse space by e-commmerce companies such
as Amazon. More than five million square feet of industrial real estate has been
recently developed or is currently under construction in the industrial sector of
North Las Vegas through July 2017.
REPRESENTATIVE PHOTO
investment overview
habit burger grill overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
5
Founded	 1969 (47 Years Ago)
Type	Public
Revenue	 $283.8 Million (2016)
Number of Locations	 195
Headquarters	 Irvine, California
Website	www.habitburger.com
The Habit Burger Grill (NASDAQ: HABT),
commonly referred to as The Habit, is an
American fast casual restaurant chain fo-
cused on hamburgers, salads, sandwiches,
sandwiches, shakes, and french fries. Its
headquarters is in Irvine, California. The
first Habit Burger Grill restaurant opened
in November 1969 in Santa Barbara, CA.
In 2007, a private equity firm, KarpReilly,
purchased a majority stake in the com-
pany, and the chain rapidly expanded. By
2017, it has 220 locations either open for
business or coming soon.
5th
Fastest Growing Chain
Nation’s Restaurant News’ 2017
Second 100
220 Locations Open
or Coming Soon
United States &
United Arab Emirates
$283.8 Million
in 2016 Sales
2017 Second 100: Why The Habit Burger Grill is the Fifth Fastest Growing Chain
Key Growth Characteristics
Women: Burger joints are typically male heavy, but Habit Burger Grill gets a pretty even gender mix, in part because of its
diverse menu offerings. Those include a tuna sandwich and a new Super Food Salad, which includes on-trend ingredients like
tri-colored quinoa and house-made kale pesto.
Value: Everyday low prices have helped sustain Habit Burger Grill’s same-store sales through recent discounting wars among
quick-service competitors.
2017 Outlook
·· Total Revenue Between $338 Million to $342 Million up from $283.8 Million in 2016
·· Company-Operated Comparable Restaurant Sales Growth of Approximately 2 Percent
·· Opening of Approximately 31 Restaurants
Founded in 1969
property description
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
9
parcel overview
Upcoming
Retail
Upcoming Retail
location
1730 East Craig Road
North Las Vegas, NV 89030
site
The subject property has frontage along East
Craig Road.
square footage
The building square footage is 2,847-square feet
and the lot size is +/- 1.00 acres.
year built
The property will be completed December 2017.
traffic counts
East Craig Road boasts counts of 55,600 cars
per day. Interstate 15 has traffic counts of
262,000 cars per day that pass the Craig Road
on and off ramps.
63-room hotel currently under
construction.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
8
East Craig Road - 55,600 Cars Per Day
Interstate15-262,000CarsPerDay
96 Rooms
94 Rooms
Future
Development
Upcoming Mixed-Use
Development
Businesses Eyeing North Las Vegas
“North Las Vegas is open for business” is a message city leaders have been portraying for the past two years. And, it seems to be
paying off. Large companies are choosing to establish a presence in the city. 2016 was a good year for the city of North Las Vegas.
In November 2016, city officials announced Amazon and The Honest Company are bringing 1,500 jobs to a warehouse complex
still under construction.
Economists estimate a two billion dollar economic impact over the next 10 years. The revenues projected for state and local gov-
ernment will be around $90 million over the next decade.
•	 80,000 SF Casino
•	 201 Hotel Rooms
•	 Indoor/Outdoor Venue
•	 Galaxy Movie Theater
•	 Five Restaurants
•	 Three Bars
Daytime Population:
88,010
Households:
106,865
Average HH Income:
$55,939
Population:
393,084
63-Room My Place Hotel
Under Construction
Future Retail &
Multi-Family
Development
NELLIS AIR FORCE BASE
SHADOW CREEK
GOLF COURSE
Green Fee: $500
One of America’s Most Expensive
Golf Courses
Enrollment: 44,000+
Population: 9,000+
North Las Vegas’ Industrial Real Estate Boom
A recent report shows a net absorption of 2 Million
square feet in the industrial sector in North Las Ve-
gas through July 2017. The North Las Vegas area
attracts companies due to its proximity to the Las
Vegas Airport, bordered by Interstate 15, and dense
demographics providing a large workforce.
East Craig Road - 55,600 Cars Per Day
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653
9
Interstate15-262,000CarsPerDay
·· Location Offers Perfect Combination of Complementary Tenants, Hospitality, En-
tertainment, Residential Housing, and Daytime Employment
·· Over 400 Hotel Rooms Within Walking Distance
·· Highly Visible, Easily Accessible Drive-Thru | Fronting Craig Road With Traffic
Counts of 55,600 Cars Per Day
·· Close Proximity to Interstate 15 On and Off Ramps | 262,000 Cars Per Day that
Pass the Craig Road On and Off Ramps
·· Fantastic Demographics | Nearly 393,000 Residents With an Average Household
Income of $55,939 Within a Five Mile Radius
·· Dense Residential Demographics | Nearly 45,000 Households Within Three
Miles
·· Located in Primary Commercial Corridor | Other Retailers in the Immediate Area
Include In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic Drive-In, Panda
Express, Lowe’s, 7-Eleven, and Much More
·· Daytime Population of 88,010 Within a Five-Mile Radius
·· North Las Vegas is One of the Fastest Growing Residential Markets in The Re-
gion
·· Industrial Real Estate Boom Provides a Large and Significant Workforce that
Visit the Area Daily
Location Highlights that Directly Benefit the Habit Burger Grill
Confidentiality Agreement
The information contained in the following offering memorandum is proprietary and strictly confidential.
It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be
made available to any other person or entity without the written consent of Marcus & Millichap. By taking
possession of and reviewing the information contained herein the recipient agrees to hold and treat all such
information in the strictest confidence. The recipient further agrees that recipient will not photocopy or
duplicate any part of the offering memorandum. If you have no interest in the subject property at this time,
please return this offering memorandum to Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial and physical
information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation.
Marcus & Millichap has not made any investigation, and makes no warranty or representation with
respect to the income or expenses for the subject property, the future projected financial performance
of the property, the size and square footage of the property and improvements, the presence or
absence of contaminating substances, PCBs or asbestos, the compliance with local, state and
federal regulations, the physical condition of the improvements thereon, or the financial condition or
business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the
subject property. The information contained in this offering memorandum has been obtained from
sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any
of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding
these matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to verify
all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses
of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS &
MILLICHAP AGENT FOR MORE DETAILS.
Net Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not
and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes
no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material infor-
mation before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment
opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future
performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and
legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to
determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully
review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an
important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or
newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the
area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other
material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless
of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the
property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon
the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and
Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of
claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
PRESENTED BY
Candace Bare
Senior Associate
LAS VEGAS OFFICE
Tel: (702) 215-7125
candace.bare@marcusmillichap.com
NV License: S.0171556

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Rare Free-Standing Drive-Thru Habit Burger Grill in North Las Vegas

  • 1. RARE “FREE-STANDING DRIVE-THRU” HABIT BURGER GRILL | DENSE RESIDENTIAL DEMOGRAPHICS | TREMENDOUS TRAFFIC COUNTS 1730 EAST CRAIG ROAD, NORTH LAS VEGAS, NEVADA 89030 VIEWPROPERTYVIDEO REPRESENTATIVE PHOTO
  • 2. PRESENTED BY Candace Bare Senior Associate LAS VEGAS OFFICE Tel: (702) 215-7125 candace.bare@marcusmillichap.com NV License: S.0171556
  • 4. financial overview annualized operating data Rent Increases Annual Rent Monthly Rent Year 1 - Year 5 $150,000 $12,500 Year 6 - Year 10 $165,000 $13,750 Year 11 - Year 15 $181,500 $15,125 Option 1: Year 16 - Year 20 $199,650 $16,638 Option 2: Year 21 - Year 25 $219,615 $18,301 Option 3: Year 26 - Year 30 $241,577 $20,131 Base Rent ($4.39/SF) $150,000 Net Operating Income $150,000 Total Return 4.00% / $150,000 pricing Property Name Habit Burger Grill Property Address 1730 East Craig Road North Las Vegas, NV 89030 Price $3,750,000 Cap Rate 4.00% Gross Leasable Area 2,847 SF Year Built 2017 Lot Size 1.00 Acres tenant summary Tenant Trade Name Habit Burger Grill Lease Type Triple Net (NNN) Lease Guarantor Franchisee Roof and Structure Tenant Responsible Initial Lease Term 15 Years Lease Commencement Date 12/16/2017 Lease Expiration Date 12/15/2032 Increases 10% Every 5 Years Options Three, Five-Year Options This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 2 The asset will be delivered free and clear of debt and is offered as an all cash transaction. Multiple financing options are available. Contact the listing team to discuss.
  • 6. investment overview This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 4 ·· Brand New 15-Year Triple-Net Lease With 10 Percent Rent Increases | Three, Five-Year Options | Zero Landlord Responsibilities ·· Brand New Construction | Opening December 2017 ·· Highly Visible, Easily Accessible Drive-Thru | Fronting Craig Road With Traffic Counts of 55,600 Cars Per Day ·· Fantastic Demographics | Nearly 393,000 Residents With an Average Household In- come of $55,939 Within a Five-Mile Radius ·· Dense Residential Demographics | Nearly 45,000 Households Within Three Miles ·· Located in Primary Commercial Corridor | Other Retailers in the Immediate Area In- clude In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic Drive-In, Panda Express, Lowe’s, 7-Eleven, and Much More ·· Daytime Population of 88,010 Within a Five-Mile Radius ·· Close Proximity to Interstate 15 On and Off Ramps | Interstate 15 Has 262,000 Cars Per Day that Pass the Craig Road On and Off Ramps ·· Location Offers Perfect Combination of Complementary Tenants, Hospitality, Entertain- ment, Residential Housing, and Daytime Employment ·· “Going Home and Going to Work” Traffic Patterns ·· The Unit is Leased to a Franchisee | 30+ Years of Combined Restaurant Experience | Exclusive Operating Rights For The Habit Burger Grill in Las Vegas | Seven Current Locations in Las Vegas With 12-15 More Opening by 2019 investment highlights 1 Mile 3 Miles 5 Miles 2016 Population 7,295 153,634 393,084 2016 Households 2,452 45,028 106,865 2016 Average Household Size 3.12 3.35 3.25 2016 Daytime Population 3,749 29,540 88,010 2016 Owner Occupied Housing Units 53.86% 51.79% 48.76% 2016 Renter Occupied Housing Units 46.14% 48.21% 51.24% 2016 Average Household Income $63,653 $59,470 $55,939 Marcus & Millichap is pleased to present for sale a Habit Burger Grill located in North Las Vegas, Nevada. The property is leased under a 15-year triple-net lease with three, five-year options. Single-tenant net leased Habit Burger Grill restaurants are seldom offered to the market. The Habit Burger Grill has 195 locations nationwide averaging over a million customer visits each week. Habit Burger Grill’s overall sales have grown by 20 percent from 2015 to 2016 making it the fifth fastest-growing restaurant chain for Nation’s Restaurant News’ 2017 Second 100. The property is located minutes from Interstate 15 on and off ramps and several major retailers including In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic Drive-In, Panda Express, Lowe’s, 7-Eleven, and much more. With frontage along East Craig Road, the location is exposed to over 55,000 vehicles each day. Located at the northern tip of the Las Vegas Valley, North Las Vegas is one of Nevada’s fastest growing cities. The city of North Las Vegas has been widely no- ticed for its substantial growth, having recognized a 45 percent increase in pop- ulation since 2000. Some of its growth has come from an industrial real estate boom led by the need for warehouse space by e-commmerce companies such as Amazon. More than five million square feet of industrial real estate has been recently developed or is currently under construction in the industrial sector of North Las Vegas through July 2017. REPRESENTATIVE PHOTO investment overview
  • 7. habit burger grill overview This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 5 Founded 1969 (47 Years Ago) Type Public Revenue $283.8 Million (2016) Number of Locations 195 Headquarters Irvine, California Website www.habitburger.com The Habit Burger Grill (NASDAQ: HABT), commonly referred to as The Habit, is an American fast casual restaurant chain fo- cused on hamburgers, salads, sandwiches, sandwiches, shakes, and french fries. Its headquarters is in Irvine, California. The first Habit Burger Grill restaurant opened in November 1969 in Santa Barbara, CA. In 2007, a private equity firm, KarpReilly, purchased a majority stake in the com- pany, and the chain rapidly expanded. By 2017, it has 220 locations either open for business or coming soon. 5th Fastest Growing Chain Nation’s Restaurant News’ 2017 Second 100 220 Locations Open or Coming Soon United States & United Arab Emirates $283.8 Million in 2016 Sales 2017 Second 100: Why The Habit Burger Grill is the Fifth Fastest Growing Chain Key Growth Characteristics Women: Burger joints are typically male heavy, but Habit Burger Grill gets a pretty even gender mix, in part because of its diverse menu offerings. Those include a tuna sandwich and a new Super Food Salad, which includes on-trend ingredients like tri-colored quinoa and house-made kale pesto. Value: Everyday low prices have helped sustain Habit Burger Grill’s same-store sales through recent discounting wars among quick-service competitors. 2017 Outlook ·· Total Revenue Between $338 Million to $342 Million up from $283.8 Million in 2016 ·· Company-Operated Comparable Restaurant Sales Growth of Approximately 2 Percent ·· Opening of Approximately 31 Restaurants Founded in 1969
  • 9. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 9 parcel overview Upcoming Retail Upcoming Retail location 1730 East Craig Road North Las Vegas, NV 89030 site The subject property has frontage along East Craig Road. square footage The building square footage is 2,847-square feet and the lot size is +/- 1.00 acres. year built The property will be completed December 2017. traffic counts East Craig Road boasts counts of 55,600 cars per day. Interstate 15 has traffic counts of 262,000 cars per day that pass the Craig Road on and off ramps. 63-room hotel currently under construction.
  • 10. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 8 East Craig Road - 55,600 Cars Per Day Interstate15-262,000CarsPerDay 96 Rooms 94 Rooms Future Development Upcoming Mixed-Use Development Businesses Eyeing North Las Vegas “North Las Vegas is open for business” is a message city leaders have been portraying for the past two years. And, it seems to be paying off. Large companies are choosing to establish a presence in the city. 2016 was a good year for the city of North Las Vegas. In November 2016, city officials announced Amazon and The Honest Company are bringing 1,500 jobs to a warehouse complex still under construction. Economists estimate a two billion dollar economic impact over the next 10 years. The revenues projected for state and local gov- ernment will be around $90 million over the next decade. • 80,000 SF Casino • 201 Hotel Rooms • Indoor/Outdoor Venue • Galaxy Movie Theater • Five Restaurants • Three Bars Daytime Population: 88,010 Households: 106,865 Average HH Income: $55,939 Population: 393,084 63-Room My Place Hotel Under Construction Future Retail & Multi-Family Development
  • 11. NELLIS AIR FORCE BASE SHADOW CREEK GOLF COURSE Green Fee: $500 One of America’s Most Expensive Golf Courses Enrollment: 44,000+ Population: 9,000+ North Las Vegas’ Industrial Real Estate Boom A recent report shows a net absorption of 2 Million square feet in the industrial sector in North Las Ve- gas through July 2017. The North Las Vegas area attracts companies due to its proximity to the Las Vegas Airport, bordered by Interstate 15, and dense demographics providing a large workforce. East Craig Road - 55,600 Cars Per Day This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080653 9 Interstate15-262,000CarsPerDay ·· Location Offers Perfect Combination of Complementary Tenants, Hospitality, En- tertainment, Residential Housing, and Daytime Employment ·· Over 400 Hotel Rooms Within Walking Distance ·· Highly Visible, Easily Accessible Drive-Thru | Fronting Craig Road With Traffic Counts of 55,600 Cars Per Day ·· Close Proximity to Interstate 15 On and Off Ramps | 262,000 Cars Per Day that Pass the Craig Road On and Off Ramps ·· Fantastic Demographics | Nearly 393,000 Residents With an Average Household Income of $55,939 Within a Five Mile Radius ·· Dense Residential Demographics | Nearly 45,000 Households Within Three Miles ·· Located in Primary Commercial Corridor | Other Retailers in the Immediate Area Include In-N-Out, Sam’s Club, Raising Cane’s, Blaze Pizza, Sonic Drive-In, Panda Express, Lowe’s, 7-Eleven, and Much More ·· Daytime Population of 88,010 Within a Five-Mile Radius ·· North Las Vegas is One of the Fastest Growing Residential Markets in The Re- gion ·· Industrial Real Estate Boom Provides a Large and Significant Workforce that Visit the Area Daily Location Highlights that Directly Benefit the Habit Burger Grill
  • 12. Confidentiality Agreement The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Net Leased Disclaimer Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material infor- mation before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
  • 13. PRESENTED BY Candace Bare Senior Associate LAS VEGAS OFFICE Tel: (702) 215-7125 candace.bare@marcusmillichap.com NV License: S.0171556