Rancho Cucamonga, CA – June 20, 2023 – Paul Su, Senior VP of Retail Leasing & Sales at Progressive Real Estate Partners, represented the landlord in a 10-year lease with The Habit Burger Grill for a 2,366 sf drive thru pad building at 1245 N. Grand Avenue in Walnut, California. Situated directly across from Mt. San Antonio College with a student and faculty population of 30,000+ the building enjoys a prime location at the signalized intersection of North Grand Avenue and Amar Road, with average traffic counts of 61,000+ cars per day. Tom Breen from Highland Partners represented The Habit in the transaction.
The Habit plans to do a significant renovation of the building to showcase the chain’s latest drive-thru concept and is expected to open by the end of this year. Other tenants in the strip center include Subway, Wingstop, Yoshinoya, Chevron and a variety of service-related businesses. Additionally, the property benefits from favorable demographics with a daytime population of more than 36,000 employees and a total population of over 76,000 residents within a 3-mile radius. The average household income is $132,250.
The first Habit Burger Grill opened in Santa Barbara, California in 1969 and the chain has since grown to nearly 340 restaurants in the United States. This popular fast-casual restaurant is well known for its freshly prepared, made-to-order chargrilled burgers, as well as grilled chicken and steak sandwiches. Their menu also features a range of fresh salads and side dishes.
Paul Su specializes in the leasing and sale of retail properties in SoCal’s Inland Empire and San Gabriel Valley. For more information about this transaction or Paul’s other listings you can reach him at 626.417.4539 or email@example.com.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at over $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.