Buffalo Wild Wings | New 10yr Corp NNN Ground
8,200 SF | Retail Building | Cincinnati, OH 45249 | $3,983,000 ($486/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,983,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 8,200 SF
- Price / Square Foot
- $486
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
Sarah Shanks
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, freestanding, corporate signed, Buffalo Wild Wings investment property located in Cincinnati, Ohio. The tenant, Blazin Wings Inc., has operated this location for over 30 years and recently extended their lease for an additional 10 years with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase at the beginning of year 6 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor. Buffalo Wild Wings is an outparcel to the highly trafficked, grocery-anchored Harpers Station Shopping Center, which draws over 2.9 million visitors per year (per Placer.ai). This location reported strong sales of $4.06 million ($496 PSF) in 2023, which is above the chain’s national average of $3.19 million, and 9.5% YoY sales growth over the past two years.
Property Details
- Class
- B
- Year Built/Renovated
- 1993/2013
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 62,291 SF
Highlights
- Corporate Signed Ground Lease | 30+ Year Operating History | Brand New 10-Year Extension | Scheduled Rent Increase | Strong Sales of $496 PSF
- Minimal Landlord Responsibilities | NNN
- Outparcel to Harper’s Station (2.9M+ Visitors) | Adjacent to the Shoppes at Harper’s Point (2.1M+ Visitors)
- Located Along Montgomery Rd | Excellent Visibility & Access | Near Signalized, Hard Corner Intersection (49,500+ VPD)
- Close Proximity to Interstate 71 (123,100+ VPD) & Interstate 275 (127,400+ VPD)
- Attractive Cincinnati MSA Fundamentals | Extremely High Incomes of Over $150k+ Within the 1, 3, and 5-Mile Radius
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