6443 Topanga Canyon Blvd – Shake Shack, Woodland Hills, CA 91303

Trophy Net-Leased Shake Shack

• Shake Shack [SHAK] is a publicly traded company on the NYSE worth 3.58 Billion
  
  

• Shake Shack is a national credit tenant with over 300 locations in the United States and over 100 locations internationally

• First Shake Shack location to debut in the San Fernando Valley

• Construction was completed in May 2020, and the restaurant officially opened for business in June 2020 
  during the height of the Coronavirus Pandemic

• New 10-year lease in place expires in 2031 with two-5 year options and 10% rental increases every 5 years

• Shake Shack currently pays $7.22 per SF, which is significantly above current rents in the immediate area

• Shake Shack was established in 2004 and transformed into one of the fastest growing fast-casual chains in the U.S.

• Over 7,600 people are employed by Shake Shack

• Shake Shack (SHAK) is publicly traded on the NYSE

• Adopted a new model for digital ordering during COVID-19 which increased sales and allowed for operations to continue 
  during the city-wide lockdown

Prime Warner Center, CA Location

• Directly across the street from the newly built, open-air retail center “The Village” at Westfield Topanga and Westfield Topanga, 
  encompassing over 2.7 million square feet of retail space with over 250 top brands, restaurants and entertainment options

• Within close proximity to the Westfield Promenade, a $1.5 billion renovation that includes retail, 
  Class A office, two hotels, 14,000 residential units, and an entertainment and sports center

• Within close proximity to the Uptown at Warner Center project, which is receiving a $3 billion capital 
  infusion to complete a mixed-use development

• Proximate to Metro Orange Line, with two transit stops located within walking distance, linking Warner Center and North Hollywood, 
  with further Metro service to Downtown Los Angeles

• Local retailers include: Apple, Nordstrom, Neiman Marcus, Target, Macy’s, REI, Costco, Best Buy Electronics, 
  Crate & Barrel

• Local restaurants include: Roy’s Asian Fusion, Fleming’s Steakhouse, California Pizza Kitchen, Cheesecake Factory, 
  Chipotle, Il Fornaio, Pizza Rev, Guacho Grill, Coffee Bean & Tea Leaf, P.F. Chang’s and many more

• Walking distance to Warner Center office buildings with over six million square feet of office space

• Approximately 40,000 employees work within Warner Center

• Major employers include HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, and Pierce College

Strong Immediate Demographics and Population Density

• Average household income of $78,000 - $104,000 in the immediate area

• Strong local economy with significant job growth over a multitude of diverse sectors

• Over 80,000 new jobs, 37 million square feet of business and residential buildings, 
  14 million square feet of non-residential building area, 200,000 residential units projected in the immediate area

• Over 2 million residents and 850,000 jobs in the densely populated San Fernando Valley