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STNL SHAKE SHACK | NEW ABSOLUTE NNN LEASE 9778 W McDowell Rd 3,600 SF Retail Building Phoenix, AZ 85037 $4,149,000 ($1,152.50/SF) 4.70% Cap Rate
Investment Highlights
- New, long-term 15-year absolute NNN lease; landlord has ZERO responsibilities
- Outparcel to new high-profile shopping center anchored by Sprouts Farmers Market
- Brand-new freestanding building featuring rare drive-thru prototype—Shake Shack has ±39 drive-thru locations systemwide
- True investment grade tenant Shake Shack Inc. (NYSE: SHAK) with ±600 international locations and plans to expand to ±1,500
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
2025
Price
$4,149,000
Price Per SF
$1,152.50
Cap Rate
4.70%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Zoning
PUD - Planned Unit Development
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Shake Shack
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Shake Shack | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
1 of 2
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STNL SHAKE SHACK | NEW ABSOLUTE NNN LEASE | 9778 W McDowell Rd
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