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Views: 73 Updated: 10.29.24 Posted: 07.09.24 Status: Inactive

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 8.6
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,721 112,811 232,295
2024 Total Population : 4,909 115,737 238,656
2024 Employed Civilian Pop : 2,174 52,717 106,018
2024 Total Businesses : 380 3,294 7,034
2024 Average Household Income : $ 65,017 $ 78,214 $ 77,384
2024 Total Consumer Spending : $ 163 M $ 3171 M $ 6363 M
2024 Median Age : 53 40 39
2024 Total Households : 2,838 45,701 92,473
2024 Pop Age 25+: Bachelor's Degree : 667 11,978 23,934
2024 Average Home Value : $ 295,908 $ 216,250 $ 218,992
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
159th St Torrence Ave 2013 28,500 0.08 mi
159th St Torrence Ave 2014 18,700 0.14 mi
Torrence Ave Ring Rd 2013 26,500 0.24 mi
Torrence Avenue Ring Rd 2019 22,100 0.38 mi
IL 83 159th St 2021 18,200 0.43 mi
River Oaks Drive River Dr 2022 17,500 0.46 mi
US 6 2021 24,900 0.62 mi
Greenwood Road Dutch Valley Dr 2022 5,800 0.73 mi
US 6;IL 83 2021 22,200 0.75 mi
Michigan City Rd Muskegon Ave 2018 7,350 0.76 mi

Listing Broker

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