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Views: 94 DOM: 167 Updated: 09.18.24 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 4.6
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 11,598 69,481 141,253
2024 Total Population : 11,981 71,586 145,326
2024 Employed Civilian Pop : 6,257 37,362 76,087
2024 Total Businesses : 303 1,583 3,350
2024 Average Household Income : $ 111,140 $ 118,168 $ 130,139
2024 Total Consumer Spending : $ 367 M $ 2559 M $ 5915 M
2024 Median Age : 37 37 39
2024 Total Households : 3,753 24,683 52,233
2024 Pop Age 25+: Bachelor's Degree : 1,132 9,712 25,562
2024 Average Home Value : $ 240,353 $ 266,778 $ 298,707
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clarendon Dr N Leslie Ave 2011 1,500 0.12 mi
E Rollins Rd E End Ave 2011 23,800 0.12 mi
East Rollins Road N PkDr 2022 26,200 0.22 mi
Rollins Rd E Rollins Rd 2012 22,980 0.29 mi
Clarendon Dr Williams Ave 2007 3,150 0.29 mi
East Rollins Road N Elm Ave 2022 26,200 0.36 mi
Hainesville Rd Clarendon Dr 2012 9,440 0.36 mi
Hook Dr Barron Blvd 2011 6,000 0.37 mi
East Rollins Road Barron Blvd 2019 27,300 0.37 mi
N Orchard Ln E Rollins Rd 2008 5,239 0.37 mi

Listing Broker

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