Sands Investment Group | SIG
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Multi-Family
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Self Storage
    • Shopping Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • SIG Insider
    • FAQ
  • Contact
  • Careers
  • Search
  • Menu Menu
844.474.4666
info@SIGnnn.com

Steak ‘n Shake

Steak ‘n Shake
Make an Offer
Investment Offering

Tenant: Steak ‘n Shake
Premises: 3780 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 20 Yrs From COE
Lease Type: Absolute NNN
Rental Increases: 10% Every 5 Years

 

  • New 20 Year Absolute Triple Net (NNN) Lease to Start at Close of Escrow
  • 10% Rent Increases Every 5 Years
  • Four (4) x Five (5) Year Options to Renew
  • Strong Barriers to Entry with Ideal Location Adjacent to Charleston Tanger Outlet Centers and Strategically Positioned Between I-26, I-526, Charleston International Airport and Boeing Aviation Facility
  • Neighboring Tenants Include: Walmart Supercenter, Zaxby’s, Tanger Outlet Center, Mellow Mushroom, Starbucks and Panera Bread
  • Excellent Demographics with Over 127,000 Residents Within a 5-Mile Radius and Over 136,000 Vehicles Per Day Along I-26
  • Lease is Structured at an 8.5% Rent to Sale Ratio Based on 2016 Sales
  • Sale Leaseback will Reduce the Tenant’s Current Monthly Expenses and Increase Overall Business Profitability
  • Located Less Than 10 Miles From Downtown Charleston

In Cooperation with Sands Investment Group Charleston, LLC Lic # 20891

Tenant Overview

Charleston Tanger SNS, LLC owns and operate Four Steak ‘n Shake franchises in South Carolina and 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.

Charleston Tanger SNS, LLC is under the direction of Seth Salzman, an industry veteran with more than 20 years’ experience. He and his partners started Moe’s Southwest Grill and Raving Brands. They created and managed more than 8 different restaurant concepts including Boneheads Grilled Fish and The Flying Biscuit Cafe and opened more than 300 Moe’s Southwest Grill locations before selling to Focus Brands. Under Seth’s leadership his brands have been awarded Hot Concept by Nations Restaurant News and was the fastest growing burrito chain in the country with multiple years over 100% growth. Seth was the founder and President of Sinclair Consulting, a firm that serviced the restaurant and franchise industry before becoming a partner in Labkin Group, LLC.

Seth and the Carolina Steak ‘N Shake team were recognized at the 2015 Steak ‘N Shake annual franchise conference and awarded the Franchise Partnership Award.

Area Overview

Steak ‘n Shake

4821 Tanger Outlet Blvd - N. Charleston, SC 29418

Contact Broker for Details

Status: Sold

Steak ‘n Shake

Doug Roland

843.510.0542
doug@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

Leverage our Platform
List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

Similar Listings of Interest

Dutch Bros Coffee | Grapevine, TX

Dutch Bros Coffee | Grapevine, TX

3115 Ira E Woods Avenue - Grapevine, TX 76051

Cap Rate: 5.25%
Available
$2,095,238
View Listing Download
Chick-fil-A | San Antonio, TX

Chick-fil-A | San Antonio, TX

5552 Northwest Loop 410 - San Antonio, TX 78238

Cap Rate: %
Available
$3,734,177
View Listing Download
McDonald’s + Nail Salon | McDonough, GA

McDonald's + Nail Salon | McDonough, GA

5986-5990 East Lake Parkway - McDonough, GA 30253

Cap Rate: %
Available
$2,266,056
View Listing Download
Whataburger | Dahlonega, GA

Whataburger | Dahlonega, GA

254 Riley Road - Dahlonega, GA 30533

Cap Rate: 4.50%
Available
$2,555,556
View Listing Download
Hardee’s | Mobile, AL

Hardee's | Mobile, AL

3225 Saint Stephen’s Road - Mobile, AL 36612

Cap Rate: 6.00%
Available
$2,129,200
View Listing Download
Starbucks | Santa Clarita, CA

Starbucks | Santa Clarita, CA

19045 Golden Valley Road - Santa Clarita, CA 91387

Cap Rate: 3.50%
Available
$3,857,000
View Listing Download
Taco Bueno | Texarkana, TX

Taco Bueno | Texarkana, TX

3505 Mall Drive - Texarkana, TX 75503

Cap Rate: %
Available
$1,500,000
View Listing Download
Hardee’s | Elwood, IN

Hardee's | Elwood, IN

2820 Main Street - Elwood, IN 46036

Cap Rate: 6.00%
Available
$1,833,333
View Listing Download
Hardee’s | Kokomo, IN

Hardee's | Kokomo, IN

1500 East Morgan Street - Kokomo, IN 46901

Cap Rate: 6.00%
Available
$1,833,333
View Listing Download
SIG Influencer
Costar 2017
SC25
INC 5000
Reforum 2016
Costar 2016
Reforum 2015
Connect Media Top Broker 2019
Connect Media Woman
Connect Top Broker Award 2018
2021 Official Member Forbes Councils

Categories

  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage

Information

  • Press
  • Testimonials
  • Careers

Support

  • Contact
  • Frequently Asked Questions
  • Letter of Intent
  • SIGives
  • SIG Intranet

Contact

Phone: 844.474.4666
Fax: 844.328.5905
Email: info@SIGnnn.com
Instagram

LI

Accessibility

Copyright © 2022 SIGnnn.com - All Rights Reserved. Privacy Policy
  • Twitter
  • Facebook
  • LinkedIn
  • Instagram
  • Youtube
  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Multi-Family
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Self Storage
    • Shopping Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • SIG Insider
    • FAQ
  • Contact
  • Careers

Please complete form below to continue.

Login/Register to Download this file

Please complete form below to continue.

Scroll to top
Get Property Updates

By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use