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Shake Shack 9185 Crown Crest Blvd 3,473 SF Retail Building Parker, CO 80138 $4,105,500 ($1,182.12/SF) 4.75% Cap Rate
Investment Highlights
- Brand-new ground lease with over 15 years remaining
- Absolute triple net ground lease with zero landlord responsibilities
- Shake Shack generates $4M+/- in average unit volume (AUV), ranking amongst the highest-grossing QSR and fast casual concepts in the U.S.
- Rare 12% rental increases every five years
- Extremely rare and favorable renewal option structure of two 10-year periods
- Corporate guaranty from Shake Shack (SSE Holdings, LLC)
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,473 SF
Building Class
B
Year Built/Renovated
2015/2026
Price
$4,105,500
Price Per SF
$1,182.12
Cap Rate
4.75%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.20 AC
Zoning
PD, Parker
Parking
22 Spaces (6.33 Spaces per 1,000 SF Leased)
Frontage
98’ on Crown Crest Blvd
Amenities
- Banking
- Corner Lot
- Restaurant
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Shake Shack
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Shake Shack | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2233-102-13-024 | Improvements Assessment | $233,870 |
| Land Assessment | $221,420 | Total Assessment | $455,290 |
Property Taxes
Parcel Number
2233-102-13-024
Land Assessment
$221,420
Improvements Assessment
$233,870
Total Assessment
$455,290
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