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Restaurant

Steak 'n Shake

4429 Old Union Rd, Tifton, GA 31794

Listing Price: $1,435,000

Cap Rate
7.25%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
4.1
Gross SF
4,054
Guarantor
Corporate Guarantee
Rentable SF
4,054
Price/Gross SF
$353.97
Lease Type
Double Net
Rent Per Square Feet
$25.65

Investment Overview

Steak ‘n Shake, founded in February of 1934 in Normal, Illinois, is an American casual restaurant chain that offers customers sit-down, drive-thru and front window service, resulting in a hybrid fast-food-to-go and diner-style experience. With a slogan based on their most famous menu item, the “Steakburger,” Steak ‘n Shake’s Steakburgers are made from T-bone, sirloin, and round steaks. The menu features primarily burgers and hand-dipped milkshakes, though other entrees, side items, and drinks are also available. With success not only in the United States, Steak ‘n Shake also has multiple international locations in Southwestern Europe and the Middle East. After 85 years, Steak ‘n Shake continues its tradition of serving the best, freshest, and tastiest burgers and shakes around. Known as “The Friendly City,” Tifton is the county seat of Georgia’s Tift County and home to a population of over 16,800 residents. Tifton is a progressive small city with plentiful entertainment and a well-established culture and spirit of southern hospitality. The city is notable for its globally recognized agricultural research contributions and facilities, including the Abraham Baldwin Agricultural College (ABAC) and University of Georgia Tifton Campus (UGA-Tifton).

Investment Highlights

  • Four Years Remaining on Double-Net (NN) Lease with Corporate Guarantee
  • One Percent Annual Rental Increases in Four, Five-Year Renewal Options
  • Direct Connection to Downtown Tifton via Union Road/ South Central Avenue
  • Excellent Visibility to 50,900 Cars per Day Along Interstate-75/Route 401 Freeway
  • Immediate Proximity to Dense Retail Corridor - National Tenants Include Walmart Supercenter, Lowe's, Hobby Lobby, Panera Bread, Chick-fil-A and More
  • Less than 10 Minute Commute/Five Mile Distance to Educational Institutions - The University of Georgia Tifton Campus and Abraham Baldwin Agricultural College
  • Within One Mile of Major Distribution Centers and Supply Stores for Target, Orgill, Frito-Lay, Walmart Pharmacy, Grist Pallets, and Superior Distribution
  • Average Household Income Exceeds $66,700 Within 10 Miles of Subject Property

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Steak 'n Shake

Listing Price: $1,435,000

Cap Rate
7.25%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
4.1
Gross SF
4,054
Guarantor
Corporate Guarantee
Rentable SF
4,054
Price/Gross SF
$353.97
Lease Type
Double Net
Rent Per Square Feet
$25.65

Investment Highlights

  • Four Years Remaining on Double-Net (NN) Lease with Corporate Guarantee
  • One Percent Annual Rental Increases in Four, Five-Year Renewal Options
  • Direct Connection to Downtown Tifton via Union Road/ South Central Avenue
  • Excellent Visibility to 50,900 Cars per Day Along Interstate-75/Route 401 Freeway
  • Immediate Proximity to Dense Retail Corridor - National Tenants Include Walmart Supercenter, Lowe's, Hobby Lobby, Panera Bread, Chick-fil-A and More
  • Less than 10 Minute Commute/Five Mile Distance to Educational Institutions - The University of Georgia Tifton Campus and Abraham Baldwin Agricultural College
  • Within One Mile of Major Distribution Centers and Supply Stores for Target, Orgill, Frito-Lay, Walmart Pharmacy, Grist Pallets, and Superior Distribution
  • Average Household Income Exceeds $66,700 Within 10 Miles of Subject Property

Investment Overview

Steak ‘n Shake, founded in February of 1934 in Normal, Illinois, is an American casual restaurant chain that offers customers sit-down, drive-thru and front window service, resulting in a hybrid fast-food-to-go and diner-style experience. With a slogan based on their most famous menu item, the “Steakburger,” Steak ‘n Shake’s Steakburgers are made from T-bone, sirloin, and round steaks. The menu features primarily burgers and hand-dipped milkshakes, though other entrees, side items, and drinks are also available. With success not only in the United States, Steak ‘n Shake also has multiple international locations in Southwestern Europe and the Middle East. After 85 years, Steak ‘n Shake continues its tradition of serving the best, freshest, and tastiest burgers and shakes around. Known as “The Friendly City,” Tifton is the county seat of Georgia’s Tift County and home to a population of over 16,800 residents. Tifton is a progressive small city with plentiful entertainment and a well-established culture and spirit of southern hospitality. The city is notable for its globally recognized agricultural research contributions and facilities, including the Abraham Baldwin Agricultural College (ABAC) and University of Georgia Tifton Campus (UGA-Tifton).

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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