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Restaurant

SHAKE SHACK | 12 YEARS REMAINING ON CORPORATE GROUND LEASE

39300 7 Mile, Livonia, MI 48152

Listing Price: $4,190,000

Cap Rate
5.25%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
11.9
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,485.82
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 Rental Increases Every 5 years
  • 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 Vice President Investments

    (415) 625-2162

    Email Ryan

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

    San Francisco

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Restaurant

SHAKE SHACK | 12 YEARS REMAINING ON CORPORATE GROUND LEASE

Listing Price: $4,190,000

Cap Rate
5.25%
Tenant Name
Shake Shack Michigan, LLC
Years Remaining On Lease
11.9
Gross SF
2,820
Guarantor
Corporate Guarantee
Rentable SF
2,820
Price/Gross SF
$1,485.82
Lease Type
Ground Lease
Rent Per Square Feet
$78.01

Investment Highlights

  • Corporate Ground Lease
  • Publicly Traded Tenant (NYSE: SHAK)
  • Ten Percent Rental Increases Every 5 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.

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 Vice President Investments

    (415) 625-2162

    Email Ryan

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

    San Francisco

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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