STNL.com is pleased to present this 100% fee simple STNL
Steak ‘n Shake restaurant in Sanford, FL, located in the
center of the city’s biggest retail corridor. Four reasons
to acquire this property include:
1. Costco Development: Soon to replace the Seminole Towne
Center mall is the development of a Costco Wholesale store,
the only of its kind in a radius of 12 miles that gives your Steak
‘n Shake prime position to benefit off what promises to be the
busiest retail hub in Sanford.
2. Soaring Traffic Counts: Nestled between two of Central
Florida’s busiest thoroughfares that combine to see over
200,000 VPD in Interstate-4 and State Road 417, Steak ‘n Shake
sits ready to enjoy the constant flow of traffic in its immediate
area, whether passing through or destination shopping in
Sanford.
3. Durable Operational History: Steak ‘n Shake has operated at
this site for thirty years since its grand opening in 1995. Having
already exercised three options on this site, Steak ‘n Shake has
shown full commitment to staying in this bustling Sanford
market.
4. Below Market Rent: Steak ‘n Shake benefits from having one of
the lowest rents per square foot of its surrounding peers. This lower
rent increases the chance that the Tenant will maintain a strong
rent-to-sales ratio and if the Tenant leaves the property in the future
there is upside for a potential higher rent for a new tenant.