Shake Shack | 15-Year Abs. NNN | ATL GA 845 Ernest W Barrett Pky NW 3,920 SF 4-Star Retail Building Kennesaw, GA 30144 $6,300,000 ($1,607.14/SF) 5% Cap Rate

Broker of Record: Jeremy Yarbrough: License No. 62003.
Faris Lee Investments is pleased to present the opportunity to acquire a brand-new Shake Shack property located within Atlanta’s premier retail corridor. The asset is secured by a new 15-year Absolute NNN lease backed by Shake Shack (NYSE: SHAK), a publicly traded restaurant company generating more than $1.4 billion in annual revenue and $2.23 billion in systemwide sales. The lease features 10% rental increases every five years, providing investors with strong inflation protection and growing cash flow. Strategically positioned along Barrett Parkway (53,100+ VPD) at the entrance to the South Barrett Reliever, a new $62 million bypass over Interstate 75 (152,000+ VPD), the property benefits from exceptional visibility, accessibility, and long-term real estate fundamentals. The surrounding trade area is supported by more than 178,000 residents, 68,000 households, and 102,000 employees within a five-mile radius, while drawing from some of Atlanta’s most affluent suburban communities including Kennesaw, Marietta, Woodstock, Smyrna, and Acworth. The site is embedded within a dominant retail destination featuring over 6.9 million square feet of retail space, more than 20 million annual visits to nearby shopping centers, and national retailers including Costco, Target, Publix, Walmart, REI, and Dick’s House of Sport. Featuring fee simple ownership, zero landlord responsibilities, and a premier corporate tenant with a highly selective growth strategy, this investment offers a compelling combination of durable cash flow, long-term rent growth, and institutional-quality real estate fundamentals.