Vacant Drive Thru Steak 'n Shake Restaurant 491 Fob James Dr

Investment Highlights

12,299 VPD Fob James , 40,000+ VPD 1-85 In an opportunity zone Adjacent to Sportsplex (5 Baseball fields, Soccer fields, Track, Stadium field, Indoor swimming, and Tennis courts) Building built in 2016, Drive Thru, Great additional space that can be used for covered outdoor patio/bar area Adjacent to successful, above average existing Zaxby's, apartments, and a new planned residential development Additional 2.3AC available adjacent

Executive Summary

This is a great opportunity to put your brand in this recently built former Steak 'n Shake. Owner operates a successful restaurant next door, this (like many other Steak 'n Shake nationwide) location was closed due to a brand issue. It is in great condition and ready for another restaurant to move in and thrive. Ownership has priced the land and building at a conservative number in order to make this opportunity more attractive to a redevelopment/ rebranding buyer. Call for a tour through the space. Unique to this Steak 'n Shake there is a 1,000 sq ft seating area with glass roll ups that would make an awesome seasonal seating area or bar for a new concept.

• Sale Type    Investment or Owner User
• Sale Condition    Redevelopment Project
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Drugstore General Retail Freestanding General Retail Storefront Retail/Office Restaurant
• Building Size    5,175
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    2016
• Price    1,490,000
• Price Per SF    288
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    1.84 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Courtyard
• Dedicated Turn Lane
• Freeway Visibility
• Restaurant
• Tenant Controlled HVAC
• Drive Thru
• Storage Space
• Air Conditioning