Steak 'n Shake
Lowest Cap Rate
5.75%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.23%
12 mo avg with 3+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Steak ’n Shake is a quick service restaurant known for their steak-burgers and milkshakes. Since its first location in 1934, Steak ‘n Shake has grown across the country and internationally. Typically, Steak ‘n Shake locations are found in high traffic areas. In general, a 20-year lease is typical, along with various rent escalations. As for the real estate of the locations, each prototype is around 3,000-4,000 square feet on .5-1.5 acres of land.
Property & Lease
Average Sale Price$1,750,000 - $2,750,000
Average NOI$110,000 - $160,000
Building SF3,500
Lease Term20 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:BH
Credit Rating
S&PCCC
Moody'sCaa2
Cap Rate By Region
N/A
6.62
8.6
N/A
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
McHenry, IL7.75%
Columbus, OH6.88%
Fairborn, OH8.52%
Top Consumer Traffic
Orlando, FL336,700
Sevierville, TN299,200
Valdosta, GA293,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data