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Views: 197 DOM: 186 Updated: 10.16.24 Posted: 06.18.24 Status: Active

Summary

Price $1,180,000
Built/Renov 2024
Tenant Buffalo Wild Wings Go (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,145
Lease Start 08-01-2024
#Units 100
Price/SF $1,030.57
Expiration 08-01-2044
Tenant Type Casual Dining
NOI $59,000
R. Term 19.7
Ownership Ground Lease
Rent/SF $51.53
Increases 10.0%/5/yrs
Pop 5Mi 97,600
Lot/AC 0.49
Options 3/5yrs/10%
AHHI 5Mi $83,100

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tim Cloe (100 units backed)

Location Description

Buffalo Wild Wings Go is strategically located at the signalized, hard corner intersection of Tamiami Trail and Murdock Circle, with access to a substantial combined daily traffic count of 76,500 vehicles. The property is near Port Charlotte Town Center, a regional mall that serves as the only enclosed shopping center within a 30-mile radius. The immediate area is surrounded by well-known...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Buffalo Wild Wings Go
  • Guarantor:Franchisee
  • Company:Tim Cloe
  • # Units:100
  • 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 : 4,152 46,364 108,948
2024 Total Population : 3,913 42,307 101,574
2024 Employed Civilian Pop : 980 16,432 40,122
2024 Total Businesses : 945 2,098 3,688
2024 Average Household Income : $ 72,314 $ 83,596 $ 88,199
2024 Total Consumer Spending : $ 119 M $ 1328 M $ 3263 M
2024 Median Age : 63 53 52
2024 Total Households : 1,856 17,894 41,890
2024 Pop Age 25+: Bachelor's Degree : 589 5,011 12,685
2024 Average Home Value : $ 544,215 $ 443,981 $ 433,520
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Murdock Circle Tamiami Trl 2022 11,000 0.08 mi
Tamiami Trail Veterans Blvd 2022 40,000 0.15 mi
Tamiami Trail Frizzell Ln NW 2022 48,500 0.28 mi
El Jobean Rd Veterans Blvd 2005 25,500 0.36 mi
Tamiami Trl Toledo Blade Blvd 2005 58,500 0.47 mi
Paulson Drive Woodbury Dr 2022 4,500 0.49 mi
Cochran Boulevard Cochran Blvd 2022 18,000 0.51 mi
Murdock Circle Education Way 2022 14,500 0.53 mi
Cochran Boulevard Cochran Blvd 2022 18,000 0.57 mi
Tamiami Trl Toledo Blade Blvd 2001 51,500 0.69 mi

Listing Broker

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