Restaurant
SHAKE SHACK | 12 YEARS REMAINING ON CORPORATE GROUND LEASE
39300 7 Mile, Livonia, MI 48152
Listing Price: $3,825,000
Cap Rate
5.75%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
11.6
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,356.38
Lease Type
Ground Lease
Rent Per Square Feet
$78.01
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
- Corporate Ground Lease
- Publicly Traded Tenant (NYSE: SHAK)
- Ten Percent Rent Increase in 2 years
- Newly Built in 2022
Restaurant
SHAKE SHACK | 12 YEARS REMAINING ON CORPORATE GROUND LEASE
Listing Price: $3,825,000
Cap Rate
5.75%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
11.6
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,356.38
Lease Type
Ground Lease
Rent Per Square Feet
$78.01
Investment Highlights
- Corporate Ground Lease
- Publicly Traded Tenant (NYSE: SHAK)
- Ten Percent Rent Increase in 2 years
- 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.

