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| Price $5,897,000 $5,985,000 | Built/Renov 2021 | Tenant Shake Shack (GL) |
| Cap Rate 4.06% 4.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
3,280
| Lease Start
02-01-2022
| #Units
450
|
| Price/SF $1,797.87 $1,824.70 | Expiration
02-01-2037
| Tenant Type Fast Casual/Rest. |
| NOI $239,409 | R. Term 11.9 | Ownership Ground Lease |
| Rent/SF
$72.99
| Increases 10.0%/5/yrs | Pop 5Mi 194,467 |
| Lot/AC 0.57 | Options 2/5yrs/10% | AHHI 5Mi $153,275 |
| | |
The subject property is situated off the corner of Old Milton Parkway (49,243 VPD) and Haynes Bridge Road (15,382 VPD). It is located within walking distance to one of Atlanta's most popular retail developments, Avalon. In the heart of Alpharetta, this sustainably designed, 86-acre community features more than 500,000 square feet of retail, a 12-screen all premium theater, conference center...
...New prototype
Dense retail corridor
Strong tenant synergy
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
Shake Shack is an American fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew....
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 8,851 | 64,386 | 194,509 |
| 2022 Total Population : | 8,588 | 63,666 | 193,125 |
| 2022 Employed Civilian Pop : | 4,812 | 34,032 | 103,209 |
| 2022 Total Businesses : | 1,170 | 5,685 | 10,815 |
| 2022 Average Household Income : | $ 151,023 | $ 162,111 | $ 168,118 |
| 2022 Total Consumer Spending : | $ 494 M | $ 3434 M | $ 10326 M |
| 2022 Median Age : | 36 | 37 | 38 |
| 2022 Total Households : | 3,869 | 25,233 | 73,151 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,740 | 17,589 | 52,882 |
| 2022 Average Home Value : | $ 500,444 | $ 488,819 | $ 488,382 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Old Milton Parkway | Haynes Bridge Rd | 2018 | 22,800 | 0.06 mi |
| Old Milton Parkway | 2019 | 36,500 | 0.06 mi | |
| Old Milton Pkwy | Haynes Bridge Rd | 2013 | 43,740 | 0.08 mi |
| Norcross St | Marietta St | 2007 | 13,380 | 0.10 mi |
| Haynes Bridge Rd | Thompson St | 2007 | 220 | 0.20 mi |
| Old Milton Parkway | Haynes Bridge Rd | 2018 | 35,900 | 0.22 mi |
| Old Milton Parkway | 2019 | 36,200 | 0.22 mi | |
| Haynes Bridge Rd | Devore Rd | 2013 | 24,980 | 0.22 mi |
| South Main Street | Devore Rd | 2019 | 26,300 | 0.27 mi |
| South Main Street | Marietta St | 2019 | 25,200 | 0.32 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
