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

Price: $7,835,000 CAP Rate: 4.00%
Bldg SF: 3,616 SF Price/SF: $2,167
Land SF: 14,397 SF Tenant: Shake Shack
Year Built:  2020 Rent/SF: $7.22
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
Steven.Schechter@marcusmillichap.com
License # 01089464


Nicole Cottrell
(818) 212-2686
Nicole.Cottrell@marcusmillichap.com
License # 02062546

Address: Shake Shack – 6443 Topanga Canyon Boulevard, Woodland Hills, CA 91303
Price: $7,835,000
Bldg SF: 3,616 SF
Land SF: 13,397 SF
Year Built: 2020
CAP Rate: 4.00%
Price/SF: $2,167
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Steven Schechter
(818) 212-2793
Steven.Schechter@marcusmillichap.com
License # 01089464


Nicole Cottrell
(818) 212-2686
Nicole.Cottrell@marcusmillichap.com
License # 02062546

Investment Highlights

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