Absolute NNN Restaurant
845 Ernest Barrett Pkwy Kennesaw, GA 30144
845 Ernest Barrett Pkwy, Kennesaw, GA, 30144
$6,300,000
For Sale
$6,300,000
Brand-new Shake Shack secured by a 15-year absolute NNN lease with 10% rent increases every five years.
Days on Market24
Property Features for 845 Ernest Barrett Pkwy
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agency
Faris Lee Investments
(949) 633-2538
Listed by
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source
Farislee
Added: Jun 29 Updated: Jul 10 at 2:09PM Checked: Jul 21 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
This brand-new Shake Shack property is offered in fee simple ownership and secured by a new 15-year absolute NNN lease. The lease structure includes 10% rental increases every five years, with no landlord responsibilities stated as part of the absolute NNN framework.
The asset is positioned along Barrett Parkway at the entrance to the South Barrett Reliever, a new $62 million bypass over Interstate 75. Reported traffic counts include 53,100+ vehicles per day on Barrett Parkway and 152,000+ vehicles per day on the bypass. The site is embedded within a large retail destination featuring over 6.9 million square feet of retail space and more than 20 million annual visits to nearby shopping centers, with national retailers in the surrounding mix.
For investors, this setup provides a long-term, corporate-backed restaurant lease with scheduled rent step-ups tied to the 15-year term. The property’s fee simple ownership and absolute NNN structure are presented as delivering low operational responsibility, while the location places the asset at a high-visibility retail corridor tied to major roadway access and an established suburban trade area.
The asset is positioned along Barrett Parkway at the entrance to the South Barrett Reliever, a new $62 million bypass over Interstate 75. Reported traffic counts include 53,100+ vehicles per day on Barrett Parkway and 152,000+ vehicles per day on the bypass. The site is embedded within a large retail destination featuring over 6.9 million square feet of retail space and more than 20 million annual visits to nearby shopping centers, with national retailers in the surrounding mix.
For investors, this setup provides a long-term, corporate-backed restaurant lease with scheduled rent step-ups tied to the 15-year term. The property’s fee simple ownership and absolute NNN structure are presented as delivering low operational responsibility, while the location places the asset at a high-visibility retail corridor tied to major roadway access and an established suburban trade area.
Key Highlights
- Brand‑new Shake Shack property built in 1996 in Atlanta’s retail corridor
- Secured by a 15‑year absolute NNN lease backed by Shake Shack (NYSE: SHAK)
- Lease includes 10% rental increases every five years for scheduled rent growth
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Brand-new Shake Shack secured by a 15-year absolute NNN lease with 10% rent increases every five years.
Where is this nnn property located?
The property is located at 845 Ernest Barrett Pkwy Kennesaw, GA.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Brand‑new Shake Shack property built in 1996 in Atlanta’s retail corridor; Secured by a 15‑year absolute NNN lease backed by Shake Shack (NYSE: SHAK); Lease includes 10% rental increases every five years for scheduled rent growth
