Steak 'n Shake NNN Lease Fast Food Property Indiana

Investment Offering

Tenant: Steak ‘n Shake | Goshen, IN
Premises: 3,648 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 10/31/2025
Lease Type: NNN
Rental Increases: 3% of Sales Over $1,257,732

Sands Investment Group and Eclipse Real Estate Inc. are Pleased to Present For Sale the Steak ‘n Shake NNN Lease Investment Opportunity Located at 4025 Elkhart Road in Goshen, Indiana.

Triple Net Lease With Zero Landlord Responsibilities
Below Market Rents Provides Value-Add Opportunity
Three (3), Five (5) Year Options to Extend
Strategically Located as an Outparcel to Walmart Supercenter and Next to a Target, Michaels and Kohl’s
22,554 Residents Making an Average Household Income of $75,825 Within a 3-Mile Radius
Population Jumps to Over 180,321 Residents Within a 10-Mile Radius and is Expected to Increase Within the Next 5 Years
Situated Off Hwy 33, a Major N/S Retail Corridor Between Goshen and Elkhart With Over 28,265 VPD
Goshen is Located 10-Miles Southeast of Elkhart, 25-Miles Southeast of South Bend, 120-Miles East of Chicago and 150-Miles North of Indianapolis
The City is Known as a Major Recreational Vehicle and Accessories Manufacturing Center, the Home of Goshen College and the Elkhart County 4-H Fair, Which is One of the Largest County Fairs in the United States
Other Nearby Tenants Include: Lowe’s, Buffalo Wild Wings, CiCi’s Pizza, Applebee’s, Chili’s, Panera Bread, ALDI, Meijer, Harbor Freight, IHOP, Wendy’s Starbucks, Jimmy John’s and Much More

In Cooperation With Bryan Chandler – IN Lic. # RB14027408
317.614.9402 | bchandler@eclipsere.com
Eclipse Real Estate, Inc. – IN Lic. # CO10400057
6402 Cornell Avenue, Indianapolis, IN 46220 | 317.614.9400

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Tenant Overview

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 milk shakes. 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 MILK SHAKES. Gus was determined to serve his customers the finest burgers and shakes in the business. Steak 'n Shake is an American casual restaurant chain concentrated primarily in the Midwestern United States with locations also in the South, Mid-Atlantic and 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 are over 550 Steak 'n Shake restaurants in 28 states. The restaurant’s milkshakes were voted #1 by Zagat.

Area Overview