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Restaurant

Shake Shack

6489 Promenade Pkwy, Castle Rock, CO 80108

Listing Price: $5,400,000

Cap Rate
3.51%
Tenant Name
Shake Shack
Years Remaining On Lease
15.1
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$1,542.86
Lease Type
NNN Ground Lease
Rent Per Square Feet
$54.29

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Shake Shack, offering a new prototype which includes two drive-thru lanes, a dedicated kitchen for drive-thru orders, and pick-up shelving for online orders. The property is located directly adjacent to Whole Foods and Promenade at Castle Rock, a region dominating shopping center destination.

Investment Highlights

  • New 15-Year Corporately Guaranteed Absolute Triple Net Ground Lease
  • Double Drive-Thru Shake Shack Concept Introduced in Q4 2021
  • Adjacent to Whole Foods
  • Promenade at Castle Rock - Region Dominating Premier Shopping Destination
  • Promenade at Castle Rock Features 1,024 Apartment/Condo Units

Exclusively Listed By

Listing Price: $5,400,000

Cap Rate
3.51%
Tenant Name
Shake Shack
Years Remaining On Lease
15.1
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$1,542.86
Lease Type
NNN Ground Lease
Rent Per Square Feet
$54.29

Investment Highlights

  • New 15-Year Corporately Guaranteed Absolute Triple Net Ground Lease
  • Double Drive-Thru Shake Shack Concept Introduced in Q4 2021
  • Adjacent to Whole Foods
  • Promenade at Castle Rock - Region Dominating Premier Shopping Destination
  • Promenade at Castle Rock Features 1,024 Apartment/Condo Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Shake Shack, offering a new prototype which includes two drive-thru lanes, a dedicated kitchen for drive-thru orders, and pick-up shelving for online orders. The property is located directly adjacent to Whole Foods and Promenade at Castle Rock, a region dominating shopping center destination.

Exclusively Listed By

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