Shake Shack (GL)

1550 Mayfield Road, Grand Prairie, TX 75052

$5,292,000

Cap Rate 4.75%

DOM: 91 Updated: 04.11.24 Posted: 09.28.23 Status: Sold 12.28.23

Summary

Price $5,292,000	Built/Renov 2023	Tenant Shake Shack (GL)
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 3,380	Lease Start 11-01-2023	#Units 450
Price/SF $1,565.68	Expiration 01-01-2039	Tenant Type Fast Casual/Rest.
NOI $251,370	R. Term 13.8	Ownership Ground Lease
Rent/SF $74.37	Increases 10.0%/5/yrs	Pop 5Mi 268,478
Lot/AC 1.33	Options 2/5yrs/10%	AHHI 5Mi $88,247

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
Shake Shack recently signed a brand new 15-year lease with 2 (5-year) options to extend
Lease features 10% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Shake Shack Inc. (NYSE: SHAK)

Location Description

This new prototype building, featuring a double lane drive-thru is strategically located on the corner of Mayfield Dr. and State Hwy. 161, which see a combined 23,900+ vehicles passing by daily. It is also within close proximity to Interstate 20 (164,200+ VPD), a major East-West highway that connects Fort Worth to Dallas. The site benefits from being located near the Grand Prairie Premium...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Shake Shack Wikipedia Shake Shack Wikipedia Grand Prairie, Texas Zip Code 75052 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Shake Shack
Guarantor:Corp Traded
Company:Shake Shack Inc
# Units:450
Stock: NYSE: SHAK

About Tenant

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. In 2004, it...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	23,150	134,236	279,414
2023 Total Population :	18,853	126,168	270,364
2023 Employed Civilian Pop :	10,274	64,043	134,941
2023 Total Businesses :	220	2,744	7,081
2023 Average Household Income :	$ 93,184	$ 85,536	$ 81,161
2023 Total Consumer Spending :	$ 447 M	$ 3100 M	$ 6185 M
2023 Median Age :	33	32	32
2023 Total Households :	5,550	41,579	87,091
2023 Pop Age 25+: Bachelor's Degree :	2,137	14,553	26,114
2023 Average Home Value :	$ 294,410	$ 274,526	$ 267,158

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mayfield Rd	Hwy 161	2001	4,672	0.10 mi
South State Highway 161	W Pioneer Pkwy	2021	14,854	0.12 mi
President George Bush Turnpike	W Marshall Dr	2021	39,211	0.16 mi
State Hwy 161	Mayfield Rd	2009	8,264	0.33 mi
Waterwood Dr	Wild Valley Trl	2005	3,860	0.33 mi
Mayfield Rd	Robinson Rd	2005	8,385	0.33 mi
Southwood Trl	Crystal Brook Ct	2009	1,210	0.35 mi
Waterwood Dr	Oryx Ln	2005	3,261	0.38 mi
W Warrior Trl	Mesa Ridge Trl	2001	595	0.51 mi
Robinson Rd	Prairie Creek Dr	2009	7,110	0.51 mi

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