It's the mission of these teams to provide our customers with the most convenient, desirable and accessible restaurant locations across the country. Previous sales included two brand new, single-tenant ground leased pads to Chick-fil-A Drive-Thru and Quick Quack Car Wash, along with a two-tenant pad building occupied by AT&T and Spectrum. Expansionwith Strategic Franchising Initiative, For information on franchising with The Habit Burger Grill, visit. Hanley Investment Group has sold more than $407 million in retail properties in the Inland Empire in the last 36 months. You will see why the passion of our people and the power of our brands are just two reasons theres no place like Yum!. The new Habit Burger Grills Palm Desert location incorporates indoor dining, patio dining and drive-thru to maximize sales, says Asher. Ft. Non-Traditional < 1,200 Sq. puts a unique stamp on day-to-day business. puts a unique stamp on day-to-day business. Brands, which owns Taco Bell, KFC and Pizza Hut, finalized the purchase of the Southern California-based burger chain for around $375 million. The Habit Burger Grill, which originated more than 50. IRVINE, Calif. Providing an experience unlike any other fast casual concept or burger category competitor, The Habit Burger Grill announced today a plan to parlay its distinctive positioning into strategic franchise expansion that will amplify the brands presence nationwide. Yum! To learn more about franchise opportunities with The Habit Burger Grill, visitwww.habitburger.com/franchise/. With ample room comes the opportunity to make the most of The Habits multiple revenue channels, like our kiosk ordering system, curbside pick-up, 3rd party delivery and more. Brands isnt your average Fortune 500 company we like to do things a little differently. Operationally,The Habit Burger Grillcomes equipped with its unique flavor of chargrilling and a diversified menu which appeals to a broad consumer base. Copyright 2023. Brands isnt your average Fortune 500 company we like to do things a little differently. They have every piece of information you could ever want, Phillips says. Yum! The Habit Burger Grill, a fast casual chain specializing in charbroiled hamburgers, plans to continue expansion, hitting markets in New England, California, Las Vegas, New Jersey and Seattle, according to a company press release. "Along with forging ahead on our growth strategy, we've firmly established our operating model at the leading edge of the fast-casual sector through the implementation of tech-enabled innovations. From our world-famous culture of fun and recognition to our focus on your career potential, Yum! Your choice of our House Dressing (balsamic & olive oil), House Ranch, Sweet Mustard, Thousand Island, Blue Cheese, Vinaigrette, Caesar or fat free Italian. [6] Not included in the sale were the eight locations in Santa Barbara County, California, which remained under the ownership of the Reichard brothers. "We're on the cusp of an exciting new era for The Habit Burger Grill, facing vast untapped growth potential and strong unit economics. The sale price was $4.57 million. As a global company that serves millions of consumers at 55,000 restaurants across 155 countries and territories, we aim to make the world better by acting responsibly with respect to food, planet and people. According to Asher, "We created a competitive bidding process that helped secure a 1031 exchange buyer at 100 percent of the asking price," said Asher. Habit Burger Grill Signs Deal to Grow in Coachella Valley Sands Investment Group is Pleased to Exclusively Offer For Sale The Habit Burger Grill Restaurant Drive-Thru Located at the . Brands, the parent company of Taco Bell and KFC, acquired Habit. History. us/mi/east-lansing. At the core of The Habit is our commitment to a 'quality-first' mindset. The Habit Burger Grill aims for growth in East, West Coast markets The Habit Burger Grill Ignites Growth in Coachella Valley with Signed In 1980, Brent and Bruce Reichard purchased the original location in Goleta.A second location opened in Ventura in 1996 and they gradually grew the chain to twenty-four units in Southern California.. All four properties were sold to four separate buyers at record-low cap rates. [17], As of September 2021, Habit Burger Grill currently has over 300 locations,[1] mostly in California, as follows:[1], The company also has a fleet of nine food trucks. The development team has been designing our strategy for several months and the energy behind it is taking shape, said Russ Bendel, CEO of The Habit Burger Grill. Posted by October 30, 2021 bangladesh police ranks on habit burger real estate October 30, 2021 bangladesh police ranks on habit burger real estate The Habit Burger Grill is an American fast casual restaurant chain that specializes in chargrilled hamburgers. Direct Stock Purchases & Dividend Reinvestment. Site Submittal Form Optimal Site Criteria Excess Property Brochure Additional Contacts, Yum! Read More The Habit Burger Grill To Open New Drive-Thru In Cathedral City From our world-famous culture of fun and recognition to our focus on your career potential, Yum! [3] Its headquarters are in Irvine, California.[2]. [7] At that time, the company was one of the fastest-growing fast food chains in the United States, with a 40% sales increase from 2012 to 2013. Monterey Crossing is strategically located at the signalized intersection of Monterey Avenue and Interstate 10 freeway, one of the most centrally located and heavily visited interchanges (110,000 cars per day) in the Desert Cities area of Southern California and a primary east/west arterial connecting to Los Angeles to San Bernardino County, Riverside County and Phoenix, Arizona. You will come to The Habit Restaurant Support Center to meet with our executive team in person to learn about their roles in the organization and how their departments will support you as a franchisee. Franchising & Real Estate. press enter or escape to dismiss this modal. They have over 330 restaurants in 14 states, as well as 11 international locations - five in China and six in Cambodia. About 40 of the 50 restaurants Habit Burger plans to open this year will be corporate stores but as it brings on franchisees in new geographic areas, it sells them one or more corporate stores to help them get their feet wet and learn the ropes. Click here to find out. Brands in 2020. [14], In March 2020, Yum! Approximately 70 percent of quick-serve restaurant sales were generated through a drive-thru and sales were approximately 50 percent greater in locations that had a drive-thru. All Rights Reserved. Brands, Inc. (NYSE: YUM ), is a burger-centric, fast-casual restaurant concept that specializes in preparing fresh, cooked-to-order chargrilled burgers and handcrafted sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade Ahi tuna cooked over an open flame. Yum! Focused on awarding development agreements to multi-unit, multi-brand operators with a track record of success running restaurants, The Habit Burger Grill moves into a new growth phase with significant momentum behind it. Site visits to several restaurants, and detailed discussions about ownership and operations will also be a part of this session. All Rights Reserved. Fountainhead is currently developing additional single-tenant pads and multi-tenant buildings in the first phase of the project in addition to a second phase of the shopping center, which combined will ultimately feature 17 acres of best-in-class retail. The Habit Burger Grill | LinkedIn From our delicious handcrafted food, to the relaxed welcoming environment its the perfect place for food fans to feel connected and cared for while sharing great food and great experiences. Rental Increases: 10% Every 5 Years. According to Asher, We created a competitive bidding process that helped secure a 1031 exchange buyer at 100 percent of the asking price, said Asher. Brands Chief Executive Officer. He also looks at whether theres a good regional burger player in the market. Underscoring the new-unit expansion, The Habit Burger Grill plans on opening more new locations this year than any other year in the companys history. Careers. Previously, Shannon was an Associate at EDGE Rea lty Partners and also held positions at Association of Commercial Real Estate Executives. The Companys KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-style food, and pizza categories, respectively. Were here to support your growth, connect our community, and protect our business model. On the heels of several years of deep investments in technology, and amid a continuing stream of tech-forward innovations, The Habit Burger Grill has solidified its status as a brand built for today and the future, with app and web order sales that soared to nearly 40% of revenues in 2020. The Habit Burger Grill Restaurant Absolute NNN Ground Lease California The sale represented a record-low cap rate for a single-tenant Habit Burger Grill nationwide.. The Habit Burger Grill Telephone . At this time, you will have an opportunity to talk with our CEO and CFO to learn more about the organization, the brand essence and where the brand is headed from strategic point-of-view. In addition, it features fresh cooked-to-order salads and an appealing selection of sides, shakes and malts. For locations that arent too far away, Habit might send some kitchen personnel to a new restaurant from an existing store for the first two to three weeks to launch the restaurant. Prospective franchise owners looking to be a part of the growing The Habit Burger Grill franchise should possess an entrepreneurial spirit and enthusiasm for the brand, proven business experience with success in restaurant operations, have the dedicated resources and infrastructure to operate restaurants, as well as the ability to source real estate and construction. The culture for us is critical.. A magazine for restaurant designers, developers and others charged with building and remodeling restaurants. News and information presented in this release has not been corroborated by WTWH Media LLC. Candidates should also have access to enough liquid capital for the development of multiple restaurants in a large territory and ideally live and work in the market they wish to develop. . Yum! 2023 Renewal Options: 3 x 5 Years. The company works with a software company that helps identify markets to go into. Get the Mobile App. As a global company that serves millions of consumers at 55,000 restaurants across 155 countries and territories, we aim to make the world better by acting responsibly with respect to food, planet and people. Escape will close the window. If youre looking for a fast-casual franchise with a flexible footprint, get in touch by filling out our inquiry form. 100% Fresh ground beef chargrilled over an open flame. Brands is focused on building KFC, Pizza Hut, Taco Bell and The Habit Burger Grill to be the worlds most loved, trusted and fastest growing restaurant brands. Were on the cusp of an exciting new era for The Habit Burger Grill, facing vast untapped growth potential and strong unit economics. The Habit Burger Grill has a variety of real estate formats with flexible blueprints to fit into niche markets across the country. 1350 West Lake Lansing Road, East Lansing, MI | retail Building The adaptable nature of our real estate model allows our acclaimed restaurant franchise to fit into various types of properties whether landing on an existing site or constructing a restaurant from the ground-up to fit perfectly in your market, our franchise support team is there to provide guidance from the start.