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Buffalo Wild Wings 2747 E 62nd St 6,085 SF Retail Building Indianapolis, IN 46220 $3,400,000 ($558.75/SF) 7.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Passive Investment Opportunity – ±3.75 years remaining on an initial 15 year ABS NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
- Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
- Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
- ABS NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
- Rare Annual Rental Increases – 1.65% rental increases annually.
- Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.
EXECUTIVE SUMMARY
National Tenant – Started in 1982, Buffalo Wild Wings has since grown to 1,300+ locations, 9 global markets, and is the LARGEST sports bar brand in the United States.
Nearby National Tenants (Excellent retail corridor) – This property is located on Cross Roads E 62nd St (±19,404 VPD) and N Keystone Ave (±28,088 VPD), a prime retail thoroughfare in Indianapolis MSA. National Credit Tenants nearby include Target, Lowe’s, Chick-fil-a, Taco Bell, Panera, KFC, Culver’s, Walgreens, etc.
Incredible Surrounding Area – ±8 Miles from Downtown Indianapolis, Glendale Town Center outparcel, nearby Butler University, Glendale 12 Theatre.
Affluent Area in Indianapolis – Average household incomes north of $109,000 in a 1-mile radius and an average household incomes north of $116,000 in a 3-mile radius.
Seasoned Operator – World Wide Wings, based in Vancouver, WA now has 60+ locations nationally in Indiana, Florida, Washington, California, Oregon, and Illinois. This demonstrates a proven track record for the distinguished brand, while boosting confidence for potential investors.
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Nearby National Tenants (Excellent retail corridor) – This property is located on Cross Roads E 62nd St (±19,404 VPD) and N Keystone Ave (±28,088 VPD), a prime retail thoroughfare in Indianapolis MSA. National Credit Tenants nearby include Target, Lowe’s, Chick-fil-a, Taco Bell, Panera, KFC, Culver’s, Walgreens, etc.
Incredible Surrounding Area – ±8 Miles from Downtown Indianapolis, Glendale Town Center outparcel, nearby Butler University, Glendale 12 Theatre.
Affluent Area in Indianapolis – Average household incomes north of $109,000 in a 1-mile radius and an average household incomes north of $116,000 in a 3-mile radius.
Seasoned Operator – World Wide Wings, based in Vancouver, WA now has 60+ locations nationally in Indiana, Florida, Washington, California, Oregon, and Illinois. This demonstrates a proven track record for the distinguished brand, while boosting confidence for potential investors.
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,085 SF
Building Class
B
Year Built
2013
Price
$3,400,000
Price Per SF
$558.75
Cap Rate
7.47%
NOI
$253,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.82 AC
Zoning
ZO01 - Construction
Parking
55 Spaces (9.04 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-07-05-115-014.000-801 | Improvements Assessment | $483,800 |
| Land Assessment | $315,500 | Total Assessment | $799,300 |
PROPERTY TAXES
Parcel Number
49-07-05-115-014.000-801
Land Assessment
$315,500
Improvements Assessment
$483,800
Total Assessment
$799,300
CONTACTS
-
Brett Baumgartner -
Dylan Freeney -
Josh Bishop -
Matthews Real Estate Investment Services
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