loader
Join Free
Views: 168 DOM: 95 Updated: 08.06.24 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 9.4
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)....

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity