Steak 'N Shake 4429 Old Union Rd 4,054 SF Retail Building Tifton, GA 31794 $1,710,000 ($421.81/SF)

As exclusive advisor, MMG Real Estate Advisors is pleased to present the exceptional opportunity to acquire a Steak N Shake single-tenant retail property located at 4429 Old Union Rd, Tifton, Georgia. Offered at $1,575,000 ($389 per square foot), the property generates a strong net operating income (NOI) of $111,100, delivering a cap rate of 7.05%. The property is fully leased to Steak N Shake, a well-established casual dining brand, and is strategically positioned in a growing market area with strong demand for fast casual dining.
The property benefits from a long-term lease that commenced on January 1, 2016, with the current lease term extending through December 31, 2030, and includes multiple five-year renewal options. The lease is structured as an NNN lease, with the tenant responsible for roof, structure, and parking maintenance, reducing landlord responsibilities. Rent increases are scheduled every year at 1%, providing a consistent and predictable cash flow for the investor.
Tifton’s economy is supported by regional commerce and population growth, reinforcing the property’s role as an essential retail location in the area. With 100% occupancy and minimal competition from other retailers, this investment presents a secure, cash-flowing opportunity with stable long-term prospects and potential for property value appreciation.