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2372 Patterson Rd
Riverbank, CA 95367
Habit Burger · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to Habit Burger & Grill, which has grown to over 385 restaurants across 14 states and internationally.
- Corporate-backed lease by Habit Burger & Grill offers significant added financial security.
- Habit was ranked #1 Best Fast Casual Restaurant and also topped USA TODAY 10-Best lists for multiple menu items
- 10% rental increases every five (5) years in initial term and three (4) option periods of five years each, ensuring consistent income growth.
- Habit Burger & Grill’s system sales grew approximately 3% year-over-year in the third quarter of 2025.
Executive Summary
This premier retail property offers exceptional visibility at the signalized intersection of Patterson Road and Estelle Avenue, with direct exposure to high traffic volumes along State Route 108, which carries an average daily traffic count of 26,000 vehicles. The site is anchored by a corporate-backed lease with Habit Burger & Grill, providing reliable tenancy and financial stability. Positioned within a thriving five-mile trade area home to over 132,000 residents and an average household income of $125,719 within three miles, the property is supported by strong demographics. It is located just two miles north of the Riverbank Crossroads shopping center, a major retail hub that attracts over 8 million annual visitors, and benefits from proximity to Memorial Medical Center, a key regional employer with more than 57,000 system-wide staff. Centrally situated between San Francisco, San Jose, and Sacramento, this location offers superior connectivity for Bay Area commuters, while projected income growth across surrounding radii reinforces long-term market strength and demand.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,559 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,759,580 CAD
Price Per SF
$1,078.38 CAD
Cap Rate
4.50%
NOI
$124,181 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.58 AC
Parking
18 Spaces (7.03 Spaces per 1,000 SF Leased)
Frontage
189’ on Patterson Road
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 075-11-33 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,025,598 CAD | Total Assessment | $3,025,598 CAD |
Property Taxes
Parcel Number
075-11-33
Land Assessment
$3,025,598 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,025,598 CAD
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