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Views: 99 DOM: 190 Updated: 10.15.24 Posted: 06.15.24 Status: Active

Summary

Price $2,292,000
Built/Renov 2024
Tenant Buffalo Wild Wings
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp Rated
Size/SF 3,572
Lease Start 01-29-2024
#Units 1,227
Price/SF $641.66
Expiration 01-31-2034
Tenant Type Casual Dining
NOI $137,522
R. Term 9.1
Ownership Fee Simple
Rent/SF $38.50
Increases 10.0%/5/yrs
Pop 5Mi 38,279
Lot/AC 1.35
Options 4/5yrs/10%
AHHI 5Mi $82,674

Lease Highlights

  • Brand new 2024 construction
  • Buffalo Wild Wings has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Buffalo Wild Wings is strategically located on Boll Weevil Circle, with access to 33,398 vehicles passing by daily. The property benefits from a prominent location within a retail corridor surrounded by well-known national tenants, including Enterprise Shopping Center, anchored by ALDI; Westgate Shopping Center, anchored by PetSmart; and Park Place Shopping Center, anchored by the 4th busiest...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,656 30,139 39,695
2024 Total Population : 5,644 29,226 38,585
2024 Employed Civilian Pop : 2,237 11,443 15,367
2024 Total Businesses : 365 1,005 1,124
2024 Average Household Income : $ 76,965 $ 82,067 $ 84,086
2024 Total Consumer Spending : $ 160 M $ 856 M $ 1147 M
2024 Median Age : 34 36 37
2024 Total Households : 2,344 11,772 15,394
2024 Pop Age 25+: Bachelor's Degree : 478 3,030 4,036
2024 Average Home Value : $ 189,212 $ 225,015 $ 221,635
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Glover Avenue Smith Dr 2021 8,935 0.16 mi
Glover Avenue Boll Weevil Cir 2020 8,935 0.16 mi
Boll Weevil Circle James Dr 2019 33,398 0.23 mi
Boll Weevil Circle Apache Dr 2021 33,660 0.33 mi
Boll Weevil Circle Boll Weevil Cir 2020 33,660 0.33 mi
Boll Weevil Circle Michael St 2018 26,123 0.38 mi
Dixie Drive Cherokee St 2021 2,362 0.45 mi
East Lee Street N Edwards St 2021 11,095 0.51 mi
East Lee Street Holley Hill Rd 2020 11,095 0.51 mi
East Lee Street Alberta St 2018 8,426 0.51 mi

Listing Broker

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