DEALS

Deals

Steak ‘n Shake – Augusta, GA

THE OPPORTUNITY

  • Approximately 18 years of lease term remaining
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • 20-year base term with 10% rental bumps every 5 years
  • Large tract of land at nearly 2 acres
  • Only Steak ‘n Shake location in the market
  • Interstate Location
  • Located on Jimmy Dyess Pkwy, the primary corridor accessing the main gate at Ft Gordon

THE DEAL POINTS

  • Square Feet: 3,512 SF
  • NOI: $185,600
  • Asking Price: $2,970,000
  • Cap Rate: 6.25%
  • Lease Expiration: 2/28/2037 (20 Year Term)

THE HIGHLIGHTS

  • Strong demographics and growth associated with Cyber Command at Ft Gordon Army Base
  • One of the top performing Steak ‘n Shakes in Georgia
  • Fast Food vacancies within the market are nearly non-existent
  • Signalized corner just off I-20 (over 76,000 cars per day)
  • Dynamic daytime traffic generators between I-20, Fort Gordon, Doctors Hospital, ADP, T-Mobile, and Augusta’s primary professional submarket
  • Recently installed Tesla charging stations in parking lot

Steak ‘n Shake Virtual Deal Room