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Views: 30 DOM: 81 Updated: 08.22.24 Posted: 06.18.24 Status: Active

Summary

Price $1,311,000
Built/Renov 2024
Tenant Buffalo Wild Wings Go (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,145
Lease Start 04-01-2024
#Units 100
Price/SF $1,144.98
Expiration 04-01-2044
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 escalations throughout the initial term and option periods
  • Absolute NNN | 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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Listing Broker

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