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.
(PRUnderground) June 13th, 2022
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 at hsalvas@tradenetlease.com or go to www.tradenetlease.com.
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, Charlotte, Dallas, Orange County and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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Original Press Release.
