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- LoopNet Team
5880 Durand Ave
Racine, WI 53406
Buffalo Wild Wings Corp Ground Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Restaurant
ABOUT 5880 DURAND AVE , RACINE, WI 53406
Marcus & Millichap is pleased to present the exclusive listing for the Buffalo Wild Wings located at 5880 Durand Avenue in Racine, Wisconsin. This offering is an absolute triple-net ground lease which is corporately guaranteed by Buffalo Wild Wings, Inc. In 2013, the tenant signed a 15-year lease which features 10 percent rent increases every five years in the base term and each of the four, five-year options to renew. The tenant currently has just under ten years of base term remaining. The site is a well located 1.5-acre outparcel to the 810,000-square-foot Regency Mall. The site has tremendous frontage along Durand Avenue with traffic counts of 27,500 VPD. It’s also just east of the intersection of Green Bay Road with traffic counts of 29,700 VPD. The site has multiple points of access and excellent visibility along Durand Avenue. Retailers in this trade area include Target, Home Depot, Ross, Jo-Ann Fabrics, T.J. Maxx, Hobby Lobby, Michaels, Dick's Sporting Goods, Best Buy, Barnes & Noble, Walgreens, Starbucks and others.
PROPERTY TAXES
| Parcel Number | 276-000023876028 | Improvements Assessment | $1,242,300 |
| Land Assessment | $887,700 | Total Assessment | $2,130,000 |
PROPERTY TAXES
