Offering Memorandum
Property Highlights
- New 15-Year Corporately Guaranteed Absolute NNN Ground Lease
- Double Drive-Thru Shake Shack Concept Introduced in Q4 2021
- Adjacent to Whole Foods
- Promenade at Castle Rock - Region Dominating Premier Shopping Destination
- Promenade at Castle Rock Features 1,024 Apartments/Condominiums
- Rapidly Growing with Excellent Demographics - $177,097 Average HH Income & 15.7% Expected Population Growth
- Price: $5,400,000
- Lot Size: 1.5 AC
- Cap Rate: 3.51%
- Lease Type: Absolute Triple Net (NNN) Ground Lease
- Year Built: 2022
- Building SF: 3,500 SF
- Status: Sold
- Guarantor: Shake Shack Corporate