Tenancy: Shake Shack
Building Size: 3072
Renewal Options: Two, 5-Year Options
Lease Expiration: 06/30/2041
Rental Increases: 10% Every 5-Years
• Single-Tenant Shake Shack Drive-Thru:
∘ Absolute NNN Lease, zero landlord responsibilities
∘ 15-year initial lease term with Four, 5-year options
∘ Favorable, 10% increases every 5-Years during primary term and options
∘ Corporately guaranteed lease by one of the world’s most recognizable fast-casual burger
restaurants
∘ Brand new construction, w/ opening estimated for July 2026
• About Shake Shack:
∘ Leading premium fast-casual burger concept with strong brand recognition
∘ 670+ locations worldwide and rapidly expanding footprint
∘ Publicly traded company NYSE: SHAK
∘ $1.45B+ in reported revenue for 2025
∘ 85 new locations opened in 2025 with a robust development pipeline
Shake Shack Inc. is a New York, NY-based multinational
chain of fast-casual burger restaurants founded in 2004 in
Madison Square Park. As of 2025, the company boasts
670+ locations system-wide across 35+ U.S. states, 240 of
which are international locations. Shake Shack is currently
recognized as one of the world’s most popular and fastest-growing fast-casual restaurant chains.
Shake Shack is one of the most highly-recognized brands in the fast-casual dining space, and is
consistently ranked as one of the most admired companies in the restaurant industry.
With a menu centered around premium burgers, crinkle-cut fries, hot dogs, chicken sandwiches, and
hand-spun milkshakes, Shake Shack also offers a rotating selection of seasonal items and locallyinspired
flavors. Recognized as the modern-day “roadside burger stand,” Shake Shack believes in
serving the finest, highest-quality ingredients possible by maintaining commitments to responsible
sourcing practices and premium, all-natural beef. NYSE:SHAK leads the way in community engagement
and positive local impact, and creates opportunities through employment, culinary development, and
community-focused initiatives.
