Shake Shack Cedar Park, TX

1905 East Whitestone Boulevard
Cedar Park, TX

Price: $5,000,000
Cap Rate: 5.00%
NOI: $250,000
Building Size: Approx. 3,437 Sq. Ft.
Lot Size: Approx. 1.424 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2023

Investment Overview

  • 2023 Construction. 3,437+/- SF Building on 1.424+/- Acre Site
  • Brand New 15 Year Ground Lease w/ 2% Annual Rent Increases and (4) 5-Year Options to Renew
  • Subject Property is a New Construction Building with a Double Lane Drive-Thru
  • High-Traffic Location Directly Off of E Whitestone Blvd (54,450 VPD) Near Intersection w/ 183A (137,733 Combined VPD)
  • Located 1 Mile From Target Anchored Shopping Center w/ Retailers Including Academy, Freddy’s, Hobby Lobby, Chick-fil-A, & More
  • Strong Income Demographics w/in Immediate Trade Area – Over $126,000 HH Income w/in 5 Miles of Property
  • Shake Shack is one of the Fastest Growing Food Chains in the US – 440 Locations w/ $900M Revenue in 2022
  • Cedar Park  |  Located w/in the Austin MSA |  Population: 235,000 w/in 5-Mile Radius