Steak 'n Shake Real Estate For Sale

NNN Steak 'n Shake Properties

The Steak 'n Shake brand has become of one the premier leaders in the food franchising industry, with delicious, high quality steak cuts and its Steakburgers™ brand of excellence. Steak ‘n Shake have reinvented the idea of the 'better burger', and eating at one of their restaurant establishments will quickly prove their point.

Read more


  • Many leases experience yearly rent increase
  • Landlord accountability relinquished with NNN leasing
  • Extensions of 5 years with lease terms


  • Performance reviews required with franchisors
  • Graded non-investor by S&P and Moody’s

Tenant Description

Back in 1934, Gus Belt had the bright idea to change a gasoline service location doubling as a chicken joint into a burger flipping joint. Well that’s how Steak ‘n Shake got their start.

Founded in Normal, IL, and going by the name Steak ‘n Shake Operations, Inc., their parent company is called Biglari Holdings, Inc. You may recognize the name Sardar Biglari upon hearing he is also the owner of Maxim magazine.

So if you’re thinking that ‘shake’ might be associated with chicken breadcrumbs, well guess again. It actually stands for milk-shakes. By the way, we won’t even discuss the word steak unless you already know it means ‘steak-burger’. Yes, that’s right. There’s a difference, and that’s why Gus was on his mission to be the best.

Apparently he was brilliant in his approach to customers. He would wheel-barrow in fresh steaks and grind them in plain view to display just how tender and ready-to-eat his cuts were. Hence, their slogan being ‘In Sight It Must Be Right’.

At present, they are still expanding with over twenty thousand employees working at over five hundred fifty Steak ‘n Shake’s. There is also a mixture of corporate owned and franchised operations among them, altogether encompassing 28 states and even going global in recent years.

In fact, they are in the process of drawing up worldwide plans for expansion out of Monaco. They already have establishments located in the U.K., Italy, and France. Future plans will be to enter the European and Middle Eastern markets, as well as fill out previously established regions in the U.S.

Storefront Example

NNN Steak’n Shake

Columbus, OH


Corporately Guaranteed Lease. Recently Extended Lease Term. Rent […]




Storefront Example

NNN Steak ‘n Shake

Myrtle Beach, SC


10% Rent Increases every 5 Years. Ideal Location […]




Storefront Example

NNN Steak’n Shake

Savannah, GA


New 2014 Construction. Excellent Demographics with over 35,000 […]




Most real estate investors fail to generate predictable cash flow.

NNN Deal Finder is helping investors find stable, long-term NNN Lease investments from reputable brands with less risk and more reward.

All logos are ©Copyright, ®Registered Trademarks and courtesy of their respective companies, and are displayed in this website for the sole purpose of brand recognition in tenant labeling.

GCT Commercial Services, LLC, dba, NNN Deal Finder is a licensed real estate broker. The properties shown on this website may or may not be exclusively listed by NNN Deal Finder. All properties and information is deemed accurate and reliable but not guaranteed and should be independently verified.