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
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.