Absolute NNN Restaurant
For Sale
$6,300,000
845 Ernest Barrett Pkwy, Kennesaw, GA 30144
Brand-new Shake Shack secured by a 15-year absolute NNN lease with 10% rent increases every five years.
Property Size3,152 SF
Days on Market53
Property Features for 845 Ernest Barrett Pkwy
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$315,000
Site & Location
Traffic Count
53,100 vehicles/day
Highway Access
Yes
Building Details
Building Size
3,152 SF
Year Built
1996
Tenancy
Single
Listing Agency:
Faris Lee Investments
(949) 633-2538
Listed By:
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source:
Farislee
Added: Jun 29
Changed: Aug 8
Last Checked: Aug 20 at 5:17AM
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
Current Use
Lease Details
53,100 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 30144, GA
53,984
Population
22,843
Households
2.4
Avg Household Size
34
Median Age
45%
College-Educated
94%
High-School Grad
22.1 sq mi
ZIP Area
2,443
Density / Sq Mi
$84,628
Median Household Income
$41,693
Median Earnings
$1,745
Median Rent
$310,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
