Shake Shack
$4,364,000
13239 Manchester Road, Des Peres, MO 63131
For Sale
Retail
Free Standing
Active
Last Updated: 01/20/2026
5.5
Cap Rate
2,400,000
NOI
Details:
Cap Rate: 5.5%
NOI: $2,400,000
Lot Area: 1.49 acres
Year Built: 2023
Tenancy: Single
Highlights:
- 13+ years remaining on absolute net ground lease featuring rental increases every 5 years throughout the base term and options
- Full-term corporate guaranty from SSE Holdings, LLC
- Tenant invested over $4M to construct the building ground up
- 2023 construction with drive-thru
- Shake Shack reported revenues of $1.45B in FY 2025, a 16% increase over the previous year
- Ultra high incomes – 1-mile average household incomes of $281K and exceeding $208K in a 3 & 5-mile radius
Description:
A 2023 construction Shake Shack with a drive-thru featuring a 15-year absolute net ground lease with rental increases every 5 years. The tenant spent over $4M to construct the building in Des Peres, a densely populated St. Louis suburb with ultra-high income demographics – $281K average household incomes within a 1-mile radius of the subject property.
CARL DAY
PACE PROPERTIES
cday@paceproperties.com
PH: 314.495.4816
MO LIC# 2009032488
Documents:
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ShakeShack_DesPeresMO.pdf
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Location
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