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