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