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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

Cap Rate
5.00%
Tenant Name
Steak N Shake Inc
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
3,738
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.90

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Steak ‘n Shake – High Performing Store | 2.50% Buy-Side Fee

Listing Price: $2,833,420

Cap Rate
5.00%
Tenant Name
Steak N Shake Inc
Years Remaining On Lease
12.0
Guarantor
Corporate Guarantee
Rentable SF
3,738
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.90

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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