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STNL SHAKE SHACK | NEW ABSOLUTE NNN LEASE 9778 W McDowell Rd 3,600 SF Retail Building Phoenix, AZ 85037 $4,333,000 ($1,203.61/SF) 4.50% 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
EXECUTIVE SUMMARY
Brand-new freestanding building featuring rare drive-thru prototype—Shake Shack has ±39 drive-thru locations systemwide.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
2025
Price
$4,333,000
Price Per SF
$1,203.61
Cap Rate
4.50%
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
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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STNL SHAKE SHACK | NEW ABSOLUTE NNN LEASE | 9778 W McDowell Rd
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