AUCTION CANCELLED

Steak n Shake Inc. is bringing to market 15 restaurants the company closed during the last 12 months. Keen-Summit Capital Partners LLC, and their local partners at NAI Global, have been retained to run a sale process of the portfolio with a bid deadline of August 31 and auction date of September 3.  It is anticipated additional properties will be sold by Keen-Summit Capital Partners through an auction during September

  • Locations in Alabama, Florida, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, Pennsylvania and Texas
  • Locations are available for sale individually or in combinations
  • Reserve price per property $367,000
  • Buyer's premium of 7%

Steak n Shake - Flyer - 8.5.20

Visit the Virtual Data Room at www.steaknshakepropertyauction.com

 

# State Address  SF  Acres Local Broker Office
1 AL 2720 Spring Avenue SW
Decatur, AL
4,004 0.84 Douglas McCullough (Lic#000033300), NAI Chase Commercial
256.319.3516, dmc@chasecommercial.com
2 FL 18627 US 19
Clearwater, FL
3,734 1.21 Brandy McAdams (Lic# BK3251816), NAI Thor
813.418.7215, brandy@focuspropertyre.com
3 IA 3333 W. Kimberly Road
Davenport, IA
4,210          1.02 John Ruhl (Lic#B31626000) , NAI Ruhl Commercial
563.823.5126, jruhl@ruhlcommercial.com
4 IL 7715 N. University
Peoria, IL
3,446 0.98 John Lovelass (Lic#471.001697), NAI Central Illinois
309.454.4100, john@naicentralillinois.com
5 IN 1919 North College Ave
Bloomington, IN
3,440 0.63 Jeff Harris (Lic#RB14020809),  NAI Cressy
317.566.5610, jharris@cressy.com
6 IN 650 Birk Road
Martinsville, IN
4,265 1.00 Jeff Harris (Lic#RB14020809),  NAI Cressy
317.566.5610, jharris@cressy.com
7 MI 1917 Pipestone Road
Benton Harbor, MI
7,041 1.45 Josh Jacobs (Lic#6502394333), NAI Wisinski of West Michigan
269.459.0430, joshuaj@naiwwm.com
8 MI 17200 Middlebelt Road
Livonia, MI
3,856 3.89 Alis Manoogian (Lic#6501414308), NAI Farbman
248.351.4370, manoogian@farbman.com
9 MI 32751 Concord Ave
Madison Heights, MI
4,348 1.35 Alis Manoogian (Lic#6501414308), NAI Farbman
248.351.4370, manoogian@farbman.com
10 MO 5534 St. Louis Mills Blvd.
Hazelwood, MO
3,941 1.11 Tony Salerno (Lic#1999071763), NAI Desco
314.994.4444, tsalerno@naidesco.com
11 OH 5308 Fields Ertel
Cincinnati, OH
3,787 1.50 Larry Bergman (Lic#000348029), NAI Bergman
513.769.1700, larry@bergmancommercial.com
12 PA 2005 Pittsburg Mills Blvd
Tarentum, PA
4,276 1.45 Nicole DeLuca (Lic#RM421047), NAI Pittsburgh
412.937.1925, ndeluca@naipittsburgh.com
13 TX 2205 E Grapevine Mills Cir
Grapevine, TX
4,034 1.26 David Ellis (Lic#601201), NAI Global
972.868.5679, dellis@naiglobal.com
14 TX 855 Hwy 21
Lewisville, TX
3,913 0.90 David Ellis (Lic#601201), NAI Global
972.868.5679, dellis@naiglobal.com
15 TX 1820 Eldorado Parkway
McKinney, TX
4,046 1.37 David Ellis (Lic#601201), NAI Global
972.868.5679, dellis@naiglobal.com

Offering Highlights

  • Freestanding buildings with drive thru
  • Locations range between 3,734 and 7,041 sq. ft.
  • Many of these locations are virtually turn-key with much of the restaurant equipment available within the building

 

Contacts:

Harold Bordwin
Keen-Summit Capital Partners
(646) 381-9201

Heather Milazzo
Keen-Summit Capital Partners
(646) 381-9207

 

Arthur Milston
NAI Global Capital Markets
(212) 705-5158

Alex Waddey
NAI Global Capital Markets
(615) 783-1043

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