Log In/Sign Up
Your email has been sent.
NEC W Loop S
Houston, TX 77096
Shake Shack | Houston, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN lease with 10% rental increases in initial term and option periods
- Shake Shack (NYSE: SHAK) has 530+ locations in 20+ countries, including 329 in the U.S.
- No landlord management, an ideal opportunity for passive investors
- In fiscal year 2024, the company reported $1.25 billion in total revenue, marking a 15.2% increase over the previous year
EXECUTIVE SUMMARY
This Shake Shack is prominently positioned just off Interstate 610, which sees over 213,000 vehicles travel along it daily. The restaurant occupies a prime location within the newly constructed Meyerland Crossing Shopping Center, a five-acre retail development at the epicenter of Meyerland, TX. The site benefits from its close proximity to nearby apartment communities, including The Halstead (301 units), The High Bank (284 units), and The Meritage (240 units), providing a reliable customer base.
Within five miles of the restaurant are several major schools—Bellaire High School, Rice University, Houston Christian University, and Baylor College of Medicine—bringing consistent traffic from more than 16,500 students. The location is also near key hospitals, including Memorial Hermann Southwest Hospital, the Texas Medical Center, and the Michael E. DeBakey VA Medical Center, which serve as another source of steady traffic.
The area has excellent demographics, with nearly 500,000 residents living within a five-mile radius and an average annual household income exceeding $230,000 within one mile. Situated in the heart of one of the strongest retail trade areas in the Houston MSA, this Shake Shack is less than 10 miles from Downtown Houston, making it a high-growth, highly visible market.
Within five miles of the restaurant are several major schools—Bellaire High School, Rice University, Houston Christian University, and Baylor College of Medicine—bringing consistent traffic from more than 16,500 students. The location is also near key hospitals, including Memorial Hermann Southwest Hospital, the Texas Medical Center, and the Michael E. DeBakey VA Medical Center, which serve as another source of steady traffic.
The area has excellent demographics, with nearly 500,000 residents living within a five-mile radius and an average annual household income exceeding $230,000 within one mile. Situated in the heart of one of the strongest retail trade areas in the Houston MSA, this Shake Shack is less than 10 miles from Downtown Houston, making it a high-growth, highly visible market.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
2025
Price
$7,000,000
Price Per SF
$2,333.33
Cap Rate
5%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Parking
22 Spaces (7.33 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0992420000003 | Improvements Assessment | $2,486,855 |
| Land Assessment | $4,272,650 | Total Assessment | $6,759,505 |
PROPERTY TAXES
Parcel Number
0992420000003
Land Assessment
$4,272,650
Improvements Assessment
$2,486,855
Total Assessment
$6,759,505
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
