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Views: 61 DOM: 69 Updated: 08.28.24 Posted: 07.09.24 Status: Active

Summary

Price $2,008,308
Built/Renov 1983/2010
Tenant Buffalo Wild Wings
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 7,016
Lease Start 09-01-2013
#Units 1,227
Price/SF $286.25
Expiration 05-31-2033
Tenant Type Casual Dining
NOI $130,450
R. Term 8.8
Ownership Fee Simple
Rent/SF $18.59
Increases 7.0%/4/yrs
Pop 5Mi 245,163
Lot/AC 1.22
Options 2/5yrs/7%
AHHI 5Mi $65,839

Lease Highlights

  • Buffalo Wild Wings has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Buffalo Wild Wings is strategically located on Torrence Avenue, with access to 25,400 vehicles passing by daily. The property is conveniently situated just over a mile from Interstate 94, within a bustling retail district across from River Oaks Center Shopping Mall. The immediate area is surrounded by multiple hotels and well-known tenants, including Shoe Carnival, Ross Dress for Less, and...

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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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Listing Broker

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