Restaurant
Steak ‘n Shake – High Performing Store | 2.50% Buy-Side Fee
2900 S 3rd St, Terre Haute, IN 47802
Listing Price: $2,833,420
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.
Investment Highlights
- ? Long-Term Lease Extension | Tenant has Been Here Since 1994
- ? Approximately 12+ Years Remaining on the Absolute Triple Net (NNN) Lease
- ? Two (2), Five (5)-Year Tenant Renewal Options
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Steak ‘n Shake – High Performing Store | 2.50% Buy-Side Fee
Listing Price: $2,833,420
Investment Highlights
- ? Long-Term Lease Extension | Tenant has Been Here Since 1994
- ? Approximately 12+ Years Remaining on the Absolute Triple Net (NNN) Lease
- ? Two (2), Five (5)-Year Tenant Renewal Options
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.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By

