Listed by The Boulder Group - Denver, The Boulder Group
$4,105,500
Shake Shack
Details
APN 223310213024
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,473
Net Rentable (SqFt) 3,473
Units 1
Cap Rate 4.75%
NOI $195,000
Tenancy Single
Brand/Tenant Shake Shack
Lease Type Absolute NNN
Lease Expiration 01/31/2042
Remaining Term 15.5
Rent Bumps Yes
Lease Options Two 10-Year
Broker Co-Op True
Year Built 2015
Year Renovated 2026
Stories 1
Lot Size (SqFt) 52,098
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Shake Shack | Trophy 80K VPD Intersection | 15.5 Yrs NNN w/ 12% Increases | Dense & Affluent Area
Investment highlights
- Brand-new ground lease with over 15 years remaining
- Rare 12% rental increases every five years
- Absolute triple net ground lease with zero landlord responsibilities
- Extremely rare and favorable renewal option structure of two 10-year periods
- Shake Shack generates $4M+/- in average unit volume (AUV), ranking amongst the highest-grossing QSR and fast casual concepts in the U.S.
- Corporate guaranty from Shake Shack (SSE Holdings, LLC)
- Major tenant investment and upgrades to the property of $2.4M+
- Shake Shack is publicly traded (NYSE: SHAK) with a $2.5B market capitalization and 679 locations as of Q1 2026
- Located within an affluent and growing part of the Denver MSA
- Major signalized intersection (80,000+/- VPD) along South Parker Road at the off-ramp of E 470
- South Parker Road is one of the most heavily trafficked stretches of roadway in Colorado
- Densely populated area with over 65,000 people living within 3 miles and 2.26% annual projected population growth
- Extremely affluent area with average annual household income of $183,000 within 5 miles
- Adjacent to AdventHealth Parker, a Level II Trauma Center with 179-beds and 1,100 employees with 100 more coming, and first patient in the new tower expected Feb 2027
- AdventHealth Parker Hospital is undergoing a $300M expansion adding a new 186K SF tower
- Highly desired regional retail corridor that includes Costco (#2 in Colorado on Placer.ai), King Soopers (#7 in Colorado on Placer.ai), Whole Foods (just opened in October 2025), Life Time Fitness (#3 in Colorado on Placer.ai), Lowe’s, Trader Joes, Sprouts, Murdoch’s, Chick-fil-A (#8 in Colorado on Placer.ai), and many others
- Parker’s population has grown 15%+ since 2020 census
Listing Contacts
Listed by The Boulder Group - Denver, The Boulder Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,000.00
$16,250.00/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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