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Views: 36 DOM: 35 Updated: 06.07.24 Posted: 06.07.24 Status: Active

Summary

Price $2,596,000
Built/Renov 1995
Tenant Buffalo Wild Wings
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp Rated
Size/SF 10,000
Lease Start 06-01-2004
#Units 1,227
Price/SF $259.60
Expiration 06-01-2029
Tenant Type Casual Dining
NOI $181,700
R. Term 4.10
Ownership Fee Simple
Rent/SF $18.17
Increases 5.0%/15/yrs
Pop 5Mi 147,303
Lot/AC 1.02
Options 1/5yrs/15%
AHHI 5Mi $125,383

Lease Highlights

  • Buffalo Wild Wings has been operating in this location for 20 years
  • The tenant has 4+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features a 15% rental escalation at the start of the remaining option period
  • Corporate guaranteed lease

Location Description

Buffalo Wild Wings is strategically located on W. Rollins Road, a primary retail and commuter thoroughfare, with access to 27,300 vehicles passing by daily. The property serves as an outparcel to Rollins Crossings, a heavily trafficked community shopping center that attracts over 1.6 million visitors annually (per Placer.ai). Rollins Crossings includes well-known national tenants, including LA...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Buffalo Wild Wings
  • Guarantor:Corp Rated
  • Company:Inspire Brands, Inc.
  • # Units:1,227
  • Tenant S&P: B+
  • Moody’s: B2
  • Stock:Private

About Tenant

Buffalo Wild Wings is an American casual dining restaurant and the nation's largest sports bar chain, with operations in the United States, Canada, and 7 other countries. The chain is best...


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Listing Broker

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