Dark Former Steak 'n Shake

Investment Overview

Former 4,190 SF Steak ’n Shake restaurant on 0.93 acres in Mount Vernon’s primary retail corridor. The building has existing drive-thru infrastructure, restaurant improvements, ample parking, and strong visibility from major thoroughfares. The asset is currently dark, but the tenant continues to pay under an Absolute NNN lease at $85,000 annually until April 29, 2030, with two five-year renewal options remaining. Ideal for an owner-user seeking a turnkey conversion or an investor pursuing re-tenanting, buyout, or repositioning upside.

Investment Highlights

• 4,190 SF modern building
• Constructed in 2017
• Zoned B-3
• Prime location in Mount Vernon
• Full occupancy at 100%