Secure Net Lease Brokers $5M Sale Of Grand Prairie Retail Building Triple-Net-Leased To Shake Shack

An undisclosed seller has brokered the sale of a 3,380-square-foot retail building located at 1550 Mayfield Road in Grand Prairie, Texas. The property, triple-net-leased to Shake Shack, was sold for $5 million. Matthew Scow of Secure Net Lease represented the seller, while Sandi Hunter of Retail Link Associates represented the buyer in the transaction, who utilized a 1031 exchange.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 1550 Mayfield Road, Grand Prairie, Texas
• Market: Grand Prairie
• Asset Type: Retail
• SF: 3,380
• Buyer's Representative: Sandi Hunter - Retail Link Associates
• Seller's Representative: Matthew Scow - Secure Net Lease

In this $5 million deal, an undisclosed seller sold a 3,380-square-foot retail building in Grand Prairie, Texas. The property was triple-net-leased to Shake Shack. Matthew Scow of Secure Net Lease represented the seller in the transaction, while Sandi Hunter of Retail Link Associates represented the buyer, who utilized a 1031 exchange.