Historical Retail Sale Listing - BUFFALO WILD WINGS | GROUND LEASE

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BUFFALO WILD WINGS | GROUND LEASE

2700 W. North Lane, Phoenix, AZ 85051

N/A

6,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
6,000 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Additional Sub-types:
Free Standing Bldg
Street Retail
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.15%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.53 AC
Listing ID
17663455
Last Updated
over 1 year ago

Highlights

  • Corporate Guarantee
  • Absolute NNN Lease
  • Long-Term 15 Year Lease
  • Successful Company

Description

This Buffalo Wild Wings is located at 2700 West North Lane in Phoenix, AZ. The subject property is a ±6,000 square foot, single-tenant retail building on ±1.53 acres of land. There is a brand new fifteen (15) year absolute triple-net (NNN) unsubordinated ground lease with a corporate guarantee. The lease includes ±4% rent increases every five (5) years during the primary term and three (3), five (5) year renewal options with ±7% rent increases every five (5) years. This offering presents an investor an exceptional opportunity to purchase an ideal property with one of the nation' s most flourishing and fastest-growing restaurant chains.

--Corporate Guarantee The lease includes a corporate guarantee from Buffalo Wild Wings, Inc. (NASDAQ: BWLD)

--Successful Company Buffalo Wild Wings is the 8th largest casual dining chain in the United States with over 835 locations in 48

LOCATION HIGHLIGHTS

--Metrocenter Mall Property is located on an outparcel of Metrocenter Mall with great restaurant co-tenants

--Dense Residential Area The surrounding community includes 397,240 residents within a 5-mile radius

--Large Oversized Lot The property includes ±1.53 acres of land just off the I-17

--Excellent Location & Visibility Located right off the I-17 freeway with ±194,000 vehicles per day

Map of 2700 W. North Lane, Phoenix, AZ 85051 (Maricopa County)

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Created 5/15/2012