Restaurant

Steak 'n Shake

Listing Price: $1,710,000

Cap Rate
7.07%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
3.90
Gross SF
3,607
Guarantor
Corporate Guarantee
Rentable SF
3,607
Price/Gross SF
$474.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.50

Investment Overview

Marcus & Millichap is pleased to present Steak & Shake - Casselberry, a truly rare investment opportunity for an investor to purchase a corporate guaranteed fast casual restaurant in a rapidly growing submarket of Orlando, FL. This unique investment opportunity is ideally positioned in the heart of restaurant row. Additionally, this dense infill, high barrier to entry location on US 17-92, one of the major North/South thoroughfares through Central Florida which sees over 50,000+ Cars Per Day. The location has a long operating history with a growing built in customer base with numerous multifamily communities being developed in the surrounding area. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Absolute NNN Corporate Guaranteed Lease with Zero Landlord Responsibilities
  • Successful Location with Drive-Thru Open Until 12 AM – Still Fully Operational During COVID-19 Pandemic
  • A Location / Exceptional Real Estate in a Highly Coveted Township of Orlando MSA
  • Outparcel To Target with Shared Access Creating Great Synergy
  • 50,000+ Cars Per Day on US 17-92
  • Massive Population Density – 215K+ Population Within Five Miles

Exclusively Listed By

Listing Price: $1,710,000

Cap Rate
7.07%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
3.90
Gross SF
3,607
Guarantor
Corporate Guarantee
Rentable SF
3,607
Price/Gross SF
$474.08
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.50

Investment Highlights

  • Absolute NNN Corporate Guaranteed Lease with Zero Landlord Responsibilities
  • Successful Location with Drive-Thru Open Until 12 AM – Still Fully Operational During COVID-19 Pandemic
  • A Location / Exceptional Real Estate in a Highly Coveted Township of Orlando MSA
  • Outparcel To Target with Shared Access Creating Great Synergy
  • 50,000+ Cars Per Day on US 17-92
  • Massive Population Density – 215K+ Population Within Five Miles

Investment Overview

Marcus & Millichap is pleased to present Steak & Shake - Casselberry, a truly rare investment opportunity for an investor to purchase a corporate guaranteed fast casual restaurant in a rapidly growing submarket of Orlando, FL. This unique investment opportunity is ideally positioned in the heart of restaurant row. Additionally, this dense infill, high barrier to entry location on US 17-92, one of the major North/South thoroughfares through Central Florida which sees over 50,000+ Cars Per Day. The location has a long operating history with a growing built in customer base with numerous multifamily communities being developed in the surrounding area. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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