JUST LISTED: Corporate Steak 'n Shake Portfolio - FL & GA | Absolute-Net | 5 Years Remaining | Annual 1.75% Increases

The Deltondo Group and Marcus & Millichap are pleased to present for sale a 3-Unit Corporate Steak 'n Shake Portfolio in Florida & Georgia.

10131 Bloomingdale Avenue, Riverview, FL

$2,130,000 / 7.25% CAP

Steak 'n Shake Riverview is comprised of 4,308 square feet and was built in 2005. The building sits on a large 1.51 Acre lot located just off Bloomingdale Avenue which oversees 40,000+ Vehicles Per Day. Steak n Shake will operate on a Corporate Absolute-Net lease with 5 years & 5 months remaining. The current lease includes 1.75% annual increases and two, 10-year options to extend the term.

3396 Northwest Cobb Parkway, Acworth, GA

$2,194,000 / 7.75% CAP

Steak 'n Shake Acworth is comprised of 4,402 square feet and was built in 2006. The building sits on a large 1.21 Acre lot located just off Cobb Parkway which oversees 33,000+ Vehicles Per Day. Steak n Shake will operate on a Corporate Absolute-Net lease with 5 years & 5 months remaining. The current lease includes 1.75% annual increases and two, 10-year options to extend the term.

2905 Stonecrest Circle, Lithonia, GA

$1,923,000 / 7.75% CAP

Steak 'n Shake Lithonia is comprised of 4,015 square feet and was built in 2003. The building sits on a large 1.21 Acre lot located just off Interstate-20 which oversees 136,000+ Vehicles Per Day and is located in Lithonia's major retail corridor. Steak n Shake will operate on a Corporate Absolute-Net lease with 5 years & 5 months remaining. The current lease includes 1.75% annual increases and two, 10-year options to extend the term.

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Steak ‘n Shake was founded in February 1934 in Normal, Illinois. Gus Belt, Steak ‘n Shake’s founder, pioneered the concept of premium burgers and milkshakes. For over 85 years, the company’s name has been symbolic of its heritage. The word “steak” stood for STEAKBURGER. The term “shake” stood for hand-dipped MILKSHAKES. Gus was determined to serve his customers the finest burgers and shakes in the business.

Steak ‘ n Shake is an American casual restaurant chain concept rated primarily in the Midwestern United States with locations also in the South, Mid-Atlantic and the Western United States, Europe, and the Middle East. The brand has become one of the most recognized and loyal brands in the restaurant franchising business, synonymous with freshness and quality. The company is headquartered in Indianapolis, Indiana, and is a wholly-owned subsidiary of Biglari Holdings. Under the ownership of Biglari Holdings, Steak ‘n Shake has succeeded in attaining exceptional, industry-leading financial results.

After 85 years, the company is continuing Steak ‘n Shake’s tradition of serving the country’s best, freshest, and tastiest burgers and shakes. Today, there is over 550 Steak ‘n Shake restaurants in 28 states. The restaurant’s milkshakes were voted #1 by Zagat.

For more information about this property, please reach out to Peter Deltondo (949) 698-2609 For additionally available inventory, please view our inventory at www.deltondoadvisorygroup.com