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| Price $4,880,000 | Built/Renov 2022 | Tenant Shake Shack (GL) |
| Cap Rate 5.45% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
3,180
| Lease Start
11-17-2022
| #Units
450
|
| Price/SF $1,534.59 | Expiration
01-31-2038
| Tenant Type Fast Casual/Rest. |
| NOI $265,960 | R. Term 13.2 | Ownership Ground Lease |
| Rent/SF
$83.64
| Increases 10.0%/4/yrs | Pop 5Mi 120,675 |
| Lot/AC 0.99 | Options 2/5yrs/10% | AHHI 5Mi $123,030 |
| | |
This newly constructed Shake Shack is strategically located at the hard corner, signalized intersection of N. Barker Avenue and W. Bluemound Rd., which see a combined traffic count of over 52,800 vehicles passing by daily. The property shares this intersection with both Poplar Creek Town Center (an upcoming site that will feature 2 Marriott hotels, 5 residential buildings with a total of 381...
...New construction
Hard corner intersection
High traffic 50M+ VPD
Highway location
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
Shake Shack is an American fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 4,468 | 39,667 | 121,623 |
| 2022 Total Population : | 4,499 | 39,183 | 120,675 |
| 2022 Employed Civilian Pop : | 2,268 | 20,643 | 65,654 |
| 2022 Total Businesses : | 664 | 3,070 | 7,319 |
| 2022 Average Household Income : | $ 131,450 | $ 136,966 | $ 123,030 |
| 2022 Total Consumer Spending : | $ 261 M | $ 1884 M | $ 5262 M |
| 2022 Median Age : | 51 | 45 | 44 |
| 2022 Total Households : | 2,362 | 16,355 | 50,533 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,237 | 10,256 | 28,666 |
| 2022 Average Home Value : | $ 418,295 | $ 405,277 | $ 388,578 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Barker Rd | Hwy 18 | 2018 | 23,600 | 0.03 mi |
| North Barker Road | Watertown Rd | 2019 | 23,100 | 0.05 mi |
| W Bluemound Rd | Hwy 18 | 2018 | 36,700 | 0.05 mi |
| US Hwy 18 | N Barker Rd | 2003 | 50,300 | 0.10 mi |
| N Barker Rd | 2019 | 24,800 | 0.10 mi | |
| N Barker Rd | Hwy 18 | 2018 | 21,900 | 0.10 mi |
| Watertown Court | 2003 | 9,800 | 0.11 mi | |
| US Hwy 18 | W Bluemound Rd | 2018 | 17,800 | 0.13 mi |
| Bluemound Rd | W Bluemound Rd | 2018 | 25,100 | 0.14 mi |
| US Hwy 18 | W Bluemound Rd | 2011 | 2,400 | 0.15 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
