845 Ernest W Barrett Pky NW - Fast Food FOR SALE


Kennesaw, GA 30144
$6,300,000 USD
949-633-2538
845 Ernest W Barrett Pky NW, Kennesaw, GA for Sale
$6,300,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

845 Ernest W Barrett Pky NW
Kennesaw, GA 30144


HIGHLIGHTS

  • Brand-new, drive-thru-equipped Shake Shack located within Atlanta’s premier retail corridor (NYSE: SHAK)
  • Corporate Guaranty, 15-Year Absolute NNN Ground Lease | | Ultimate ease of management for investor
  • Strategically positioned along Barrett Parkway, carrying more than 53,100 vehicles per day
  • Dense and affluent demos: 178,825 residents, 68,170 households, 102,718 employees, and an average household income of $135,745 within five miles
  • Embedded within a dominant retail destination featuring 6.9 million square feet of retail space and more than 20 million annual visits
  • Located at the entrance to the $62 million South Barrett Reliever, a new bypass over Interstate 75 scheduled for completion in late 2026

OVERVIEW

Broker of Record: Jeremy Yarbrough: License No. 62003. Faris Lee Investments is pleased to present the opportunity to acquire a brand-new Shake Shack property located within Atlanta’s premier retail corridor. The asset is secured by a new 15-year Absolute NNN lease backed by Shake Shack (NYSE: SHAK), a publicly traded restaurant company generating more than $1.4 billion in annual revenue and $2.23 billion in systemwide sales. The lease features 10% rental increases every five years, providing investors with strong inflation protection and growing cash flow. Strategically positioned along Barrett Parkway (53,100+ VPD) at the entrance to the South Barrett Reliever, a new $62 million bypass over Interstate 75 (152,000+ VPD), the property benefits from exceptional visibility, accessibility, and long-term real estate fundamentals. The surrounding trade area is supported by more than 178,000 residents, 68,000 households, and 102,000 employees within a five-mile radius, while drawing from some of Atlanta’s most affluent suburban communities including Kennesaw, Marietta, Woodstock, Smyrna, and Acworth. The site is embedded within a dominant retail destination featuring over 6.9 million square feet of retail space, more than 20 million annual visits to nearby shopping centers, and national retailers including Costco, Target, Publix, Walmart, REI, and Dick’s House of Sport. Featuring fee simple ownership, zero landlord responsibilities, and a premier corporate tenant with a highly selective growth strategy, this investment offers a compelling combination of durable cash flow, long-term rent growth, and institutional-quality real estate fundamentals.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$1,607 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shake Shack | 15-Year Abs. NNN | ATL GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

CRC

APN/PARCEL ID

16-0720-0-017-0

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

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Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.