Steak N Shake - Tifton, GA | Pilot Travel Center
Retail | 6.50% CAP | Drive Thru | High Traffic Area
Marketing description
As exclusive advisor, MMG Real Estate Advisors is pleased to present the exceptional opportunity to acquire a Steak N Shake single-tenant retail property located at 4429 Old Union Rd, Tifton, Georgia. Offered at $1,575,000 ($389 per square foot), the property generates a strong net operating income (NOI) of $111,100, delivering a cap rate of 7.05%. The property is fully leased to Steak N Shake, a well-established casual dining brand, and is strategically positioned in a growing market area with strong demand for fast casual dining.
The property benefits from a long-term lease that commenced on January 1, 2016, with the current lease term extending through December 31, 2030, and includes multiple five-year renewal options. The lease is structured as an NNN lease, with the tenant responsible for roof, structure, and parking maintenance, reducing landlord responsibilities. Rent increases are scheduled every year at 1%, providing a consistent and predictable cash flow for the investor.
Tifton’s economy is supported by regional commerce and population growth, reinforcing the property’s role as an essential retail location in the area. With 100% occupancy and minimal competition from other retailers, this investment presents a secure, cash-flowing opportunity with stable long-term prospects and potential for property value appreciation.
Investment highlights
National Casual Dining Tenant with Proven Brand Demand: The property is leased to Steak N Shake, a well established American brand known for its burgers and milkshakes. The company’s consistent popularity drives repeat customer visits, even during economic fluctuations.
Stable Tenant with Long-Term Commitment: The lease runs through 2030, providing a 19-year term remaining. With 1% annual rent increases, this lease structure offers a reliable, long-term income stream for the investor.
Strategic Location in High-Traffic Area: Situated at 4429 Old Union Rd, the property benefits from its location along Union Road and I-75, capturing both local and regional traffic. The area sees 50,900 VPD on I-75, enhancing visibility and accessibility for both commuters and residents.
Strong Regional Economy Supporting Retail Demand: Tifton’s economy is supported by agriculture, manufacturing, and retail sectors, with major employers such as Tyson Foods, Tifton Regional Medical Center, and South Georgia State College. These economic anchors drive consistent consumer spending.
Proximity to Key Regional Corridors and Infrastructure: The property enjoys excellent connectivity with I-75, a major regional highway, and is centrally located between Albany, GA, Macon, GA, and Tallahassee, FL. This prime location enhances the area’s retail appeal, providing access to a broad market base within South Georgia and North Florida.
Supportive Local Economic Development: The City of Tifton and Tift County Development Authority actively promote business expansion and infrastructure development, ensuring the long-term vitality of the retail sector and supporting the growth of the surrounding area.
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