Highlights
- New Construction Double Drive-Thru Shake Shack on 15-Year Absolute Triple-Net Ground Lease with 2x5 Year Options and 10% Rent Increases Every Five Years
- Corporate Guarantee from Shake Shack - 460+ Locations, $1.38B in Sales (FY 2022, 23% Increase), $3.16M AUV (FY 2022)
- Adjacent to 115k Square Foot Scheels - 1.84 Million Visits
- Large Development at High Traffic Intersection (130k+ VPD) of I-25 & Interquest Pkwy: 520 Apartment Units, 50,000 SqFt Centura Health Hospital, 114 Room Hotel, and 160k+ SqFt Retail and Office
- Price: $5,610,000
- Lot Size: 1.96 AC
- Cap Rate: 5.00%
- Lease Type: NNN Ground Lease
- Year Built: 2023
- Building SF: 3,288
- Status: Sold
- Guarantor: Corporate Guarantee