Lowest Cap Rate
5.75%
Lowest Cap Rate over past 24 months
Average Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
12 mo avg with 3+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
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
Sales Price Range$1,750,000 - $2,750,000
NOI Range$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
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
6.36
7.44
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
Ocala, FL6.52%
McHenry, IL7.75%
Columbus, OH6.88%
Top Consumer Traffic
Valdosta, GA472,200
Pensacola, FL405,600
Kalamazoo, MI401,500
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
