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Restaurant

SHAKE SHACK | ABSOLUTE NNN GROUND LEASE

39300 7 Mile, Livonia, MI 48152

Listing Price: $4,030,000

Cap Rate
6.00%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
10.9
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,429.08
Lease Type
Ground Lease
Rent Per Square Feet
$85.82

Investment Overview

The subject property is an absolute NNN ground leased Shake Shack situated in heart of Livonia’s main retail/office district, at a major 4-way signalized intersection with excellent visibility.

Investment Highlights

  • Prime Retail Location
  • Absolute NNN Ground Lease
  • Site Features Double Drive-Thru
  • Newly Built in 2022

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Restaurant

SHAKE SHACK | ABSOLUTE NNN GROUND LEASE

Listing Price: $4,030,000

Cap Rate
6.00%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
10.9
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,429.08
Lease Type
Ground Lease
Rent Per Square Feet
$85.82

Investment Highlights

  • Prime Retail Location
  • Absolute NNN Ground Lease
  • Site Features Double Drive-Thru
  • Newly Built in 2022

Investment Overview

The subject property is an absolute NNN ground leased Shake Shack situated in heart of Livonia’s main retail/office district, at a major 4-way signalized intersection with excellent visibility.

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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