DEALS

Deals

Steak ‘n Shake – Augusta, GA

THE OPPORTUNITY

  • Approximately 15 years of lease term remaining
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Strong demographics and growth associated with Cyber Command at Ft Gordon Army Base
  • 20-year base term with 10% rental bumps every 5 years
  • Multi-unit operator
  • One of top performing Steak ‘n Shakes in Georgia

THE DEAL POINTS

  • Square Feet: 3,512 SF
  • NOI: $204,160
  • Asking Price: $3,141,00
  • Cap Rate: 6.50%
  • Lease Expiration: 2/28/2037 (20 Year Term)

THE HIGHLIGHTS

  • Fast Food vacancies within the market are nearly non-existent
  • Large tract of land at nearly 2 acres
  • 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

Click Here to View Steak ‘n Shake Virtual Deal Room