www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33892634
33892635

845 ERNEST W BARRETT PKWY NW, KENNESAW, GA 30144-4926

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments
$6,300,000
2 days on market
Updated 2 days ago

Shake Shack | 15-Year Abs. NNN | Affluent ATL MSA

Details
APN 16072000200
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 3,152
Net Rentable (SqFt) 3,152
Units 1
Cap Rate 5%
NOI $315,000
Occupancy 100%
Tenancy Single
Brand/Tenant Shake Shack
Lease Type Net
Lease Term 15
Lease Expiration 09/10/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 3 (Five-Year) Options
Class A
Year Built 2026
Acreage 1.170
Zoning CRC
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/11/2026
Ground Lease No

Shake Shack | 15-Year Abs. NNN | Affluent ATL MSA

Marketing description

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new Shake Shack property located within Atlanta’s premier retail corridor. The asset is secured by a new 15-year Absolute NNN lease backed by Shake Shack (NYSE: SHAK), a publicly traded restaurant company generating more than $1.4 billion in annual revenue and $2.23 billion in systemwide sales. The lease features 10% rental increases every five years, providing investors with strong inflation protection and growing cash flow. Strategically positioned along Barrett Parkway (53,100+ VPD) at the entrance to the South Barrett Reliever, a new $62 million bypass over Interstate 75 (152,000+ VPD), the property benefits from exceptional visibility, accessibility, and long-term real estate fundamentals. The surrounding trade area is supported by more than 178,000 residents, 68,000 households, and 102,000 employees within a five-mile radius, while drawing from some of Atlanta’s most affluent suburban communities including Kennesaw, Marietta, Woodstock, Smyrna, and Acworth. The site is embedded within a dominant retail destination featuring over 6.9 million square feet of retail space, more than 20 million annual visits to nearby shopping centers, and national retailers including Costco, Target, Publix, Walmart, REI, and Dick’s House of Sport. Featuring fee simple ownership, zero landlord responsibilities, and a premier corporate tenant with a highly selective growth strategy, this investment offers a compelling combination of durable cash flow, long-term rent growth, and institutional-quality real estate fundamentals.

Investment highlights

  • Brand New, Shake Shack in Atlanta's Premier Corridor (NYSE: SHAK)
  • Corporate Absolute NNN Lease | Fee Simple Ownership
  • 15-Year Lease Term with 10% Rental Increases
  • THE RETAIL CORRIDOR - Located Barrett Parkway (53.1k+ VPD) between I-75 (152k VPD) & (Cobb Pkwy 39.8k).
  • Dynamic Trade Area: 6.9M SF of Retail within 1.5 miles of subject property
  • Dense & Affluent Demographics: 178k residents with an Average household income of $136,000 and an additional 102k employees within 5-mle radius.
  • Georgia: Pro Business State

Listing Contacts

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$315,000.00
$26,250.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

Intelligence Badge
CRC CommercialNeighborhood CommercialCommunity Retail Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 175 uses
View all 175 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591