Tenant: Steak ‘n Shake
Premises: 3512 SF
Renewal Options: 4 x 5
Lease Expiration: 20 Years Following Close of Escrow
Lease Type: NNN
Rental Increases: 10% Every 5 Years
- 20 Year Absolute Triple Net at Close of Escrow
- 10% Rental Increases Every 5 Years
- Four 5-Year Options Ideal Location in the Statesboro Crossing Center. Neighboring Tenants Include TJMaxx, Hobby Lobby and Petco
- Excellent Demographics: 45,000+ Residents within a 5-Mile Radius and 19,000 VPD Along Northside Dr. East
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 First store is located in Statesboro, GA. Home to Georgia Southern University, which boasts a student enrollment of more than 20,000 and recently moved into NCAA Division 1 – winning their conference football title the first year in competition. In addition to the University, Statesboro provides several large manufacturing facilities and other job centers providing for a stable customer base. This store was one of the first franchise units to receive the designation of “Training Store” and consistently performs in the top tier for customer satisfaction. Built using the “prototype” design, this store is very sleek, clean and appealing.
