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Views: 136 DOM: 38 Updated: 06.25.24 Posted: 06.04.24 Status: Active

Summary

Price $3,983,000
Built/Renov 1993/2013
Tenant Buffalo Wild Wings (GL)
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 8,200
Lease Start 02-01-1994
#Units 1,227
Price/SF $485.73
Expiration 02-01-2034
Tenant Type Casual Dining
NOI $278,800
R. Term 9.6
Ownership Ground Lease
Rent/SF $34.00
Increases 10.0%/5/yrs
Pop 5Mi 145,000
Lot/AC 1.43
Options 2/5yrs/10%
AHHI 5Mi $151,321

Lease Highlights

  • Buffalo Wild Wings has been operating in this location for 30+ years
  • The tenant recently signed a 10-year lease extension with 2 (5-year) options to extend 
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Buffalo Wild Wings is located on Montgomery Road, a major retail thoroughfare, with access to 32,000 vehicles passing by daily. The property enjoys excellent visibility and access through significant street frontage, a large monument sign, and multiple points of ingress/egress. It is conveniently situated near the on/off ramp to Interstate 71 (123,100 VPD) and Interstate 275 (127,400 VPD)....

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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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