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Views: 86 DOM: 264 Updated: 09.12.24 Posted: 03.02.24 Status: Active

Summary

Price $4,380,000
Built/Renov 2001/2016
Tenant Buffalo Wild Wings
Cap Rate 6.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 6,500
Lease Start 05-01-2024
#Units 9
Price/SF $673.85
Expiration 04-30-2034
Tenant Type Casual Dining
NOI $300,000
R. Term 9.5
Ownership Fee Simple
Rent/SF $46.15
Increases 10.0%/5/yrs
Pop 5Mi 90,430
Lot/AC 1.49
Options 4/5yrs/10%
AHHI 5Mi $97,085

Lease Highlights

  • Buffalo Wild Wings will sign a brand-new 10-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed by Potters Wings Ridgeland, LLC (9-units)

Location Description

Buffalo Wild Wings strategically located at the signalized, hard corner intersection of Lake Harbour Drive and Old Canton Road, with access to a combined daily traffic count of 49,000 vehicles. The property benefits from excellent visibility via 1 monument sign at the intersection as well as easy access via 3 separate points of ingress/egress. Moreover, its prime location within 3.5 miles of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Buffalo Wild Wings
  • Guarantor:Franchisee
  • Company:Potters Wings, Ridgeland
  • # Units:9
  • 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
2028 Total Population : 10,595 40,894 90,522
2023 Total Population : 10,462 40,869 90,430
2023 Employed Civilian Pop : 6,144 21,748 46,555
2023 Total Businesses : 437 2,395 4,697
2023 Average Household Income : $ 68,456 $ 86,473 $ 97,085
2023 Total Consumer Spending : $ 302 M $ 1353 M $ 3234 M
2023 Median Age : 33 37 37
2023 Total Households : 5,039 18,100 38,761
2023 Pop Age 25+: Bachelor's Degree : 2,030 8,718 20,121
2023 Average Home Value : $ 191,248 $ 225,714 $ 266,516
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Old Canton Rd Gateway Dr 2009 18,167 0.16 mi
Old Canton Road Gateway Dr 2018 16,000 0.16 mi
Lake Harbour Drive Old Canton Rd 2018 22,000 0.21 mi
Lake Harbour Drive Lake Shore Dr 2021 19,000 0.50 mi
Rice Road Calumet Dr 2021 16,000 0.50 mi
Lake Harbour Dr Lake Shore Dr 2009 28,000 0.56 mi
Old Canton Road Lincolnshire Blvd 2018 20,000 0.58 mi
Old Canton Road Lincolnshire Blvd 2021 20,000 0.61 mi
Old Canton Road Oakmont Pkwy 2018 21,000 0.61 mi
Camdenmill Dr 2021 14,000 0.66 mi

Listing Broker

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