Tenant: Steak ‘n Shake
Premises: 3814 SF
Renewal Options: 4 x 5
Lease Expiration: 20 Years Following Close of Escrow
Lease Type: NNN
Rental Increases: 10% Every 5 Years
Shake Group, LLC owns and operates two Steak ‘n Shake franchises in Southeast Georgia. Founded in 1934, Steak ‘n Shake is known for their premium steak burgers and hand-dipped milkshakes. A Classic American brand – Steak ‘n Shake provides high quality burgers and shakes at value pricing. Steak ‘n Shake continues to set records for same store sales growth and is poised for continued record-setting growth in the future. Shake Group’s second location is in Pooler, GA. A suburb of Savannah, Pooler is experiencing unbelievable growth. Within the last year Pooler has seen the largest Outlet Mall in South Georgia, as well as a new water park open – both very near this location. This location is also located right next to Sam’s Club, and adjacent to I-95, the Savannah Airport, and the Gulfstream manufacturing facility. This is a prime location. Opening in January of 2014, this store has recently completed its first year of service, and is profitable with an abundance of growth opportunity.