Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Steak ‘n Shake located at 2900 South 3rd Street, Terre Haute, IN. The property consists of roughly 3,738 rentable square feet of building space on an estimated 0.87-acre parcel of land. Steak ‘n Shake has been at this location since 1994 and in 2018, singed a new 15-year lease extension. The property is subject to an absolute Triple-Net (NNN) lease with approximately 12 years remaining on the primary term of the lease. The rent is currently $141,671 and will increase by 10% at the start of the two (2), five (5)-year tenant renewal options.