B+E Brokers Sell Denver Area Shake Shack for $5M+
B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the Shake Shack outside of Denver in Castle Rock, CO for $5,066,666.
This brand new Shake Shack is currently the largest in the state and is only the fifth in the country to have a drive-thru experience.
“Leveraging B+E’s 1031 Trade Platform, we were able to navigate challenging market conditions and secure a phenomenal asset for our client,” said B+E broker Hayden Salvas. “It was a great outcome, we were able to close shortly after the tenant’s grand opening and well before the buyer’s 1031 exchange deadline.”
The brand new lease features a 15-year term and is an absolute NNN ground lease
For more information on the sale or about net lease investing in general, contact Hayden Salvas at firstname.lastname@example.org.
Source: Digital Journal