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Shake Shack Kennesaw, GA | Corporate Guaranty | 15 Yr NNN Lease

$6,300,000

845 Ernest Barrett Pkwy, Kennesaw, GA 30144

Active
Last Updated: 06/25/2026

5

Cap Rate

315,000

NOI

Details:
Cap Rate:    5%
NOI:    $315,000
Building Size:    3,152 sqft
Lot Area:    1.17 acres
Year Built:    1996
Highlights:
  • Brand new Shake Shack in Atlanta's premier corridor (NYSE: SHAK)
  • Corporate absolute NNN Lease | Fee simple ownership | ultimate ease of management for investor
  • 15 year lease term with 10% rental increases
  • strategically positioned on Barrett Parkway (53,100 VPD)
  • Dynamic trade area: embedded in dense, top performing retail destination with high barrier to entry
Description:

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.

Located along Barrett Parkway in Kennesaw’s premier retail corridor near the entrance to the South Barrett Reliever bypass.

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