Buffalo Wild Wings
5,445 SF | Retail Building | San Marcos, CA 92078 | $2,530,000 ($465/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,530,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,445 SF
- Price / Square Foot
- $465
Listing Contacts
Ryan Litrich
Verified Profile
Amanda Maggiano
Verified Profile
- Property Info
Property Overview
REvolve Growth Partners has been exclusively retained to offer for sale Buffalo Wild Wings in San Marcos, CA. Located on the highly traveled San Marcos Blvd (47,000+ ADT and major east/west arterial road from San Marcos to Carlsbad), BWW sits at the forefront of Lennar’s new 202-unit mixed use development. Breaking ground soon, this neighboring development will draw additional traffic to an already busy area through the inclusion of complementary outdoor dining, and a walkable community with expansive public spaces to gather.
BWW is situated in one of North San Diego County’s most rapidly growing cities, with a young and affluent population (AHHI $117,000+ 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos.
BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN, Corporate Guaranteed ground lease with 4 - 5 year options. investors benefit from a 10% increase in rent every five years (next increase at 2/26 option). The below market lease provides simultaneously provides for a hedge against the shorter lease term remaining, as well as the opportunity for long term appreciation. In 2022, sales for the store were in excess of $3.5M!
BWW is situated in one of North San Diego County’s most rapidly growing cities, with a young and affluent population (AHHI $117,000+ 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos.
BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN, Corporate Guaranteed ground lease with 4 - 5 year options. investors benefit from a 10% increase in rent every five years (next increase at 2/26 option). The below market lease provides simultaneously provides for a hedge against the shorter lease term remaining, as well as the opportunity for long term appreciation. In 2022, sales for the store were in excess of $3.5M!
Property Details
- Class
- C
- Year Built
- 2016
- Stories
- 1
- Lot Size (sq. ft)
- 40,075 SF
Highlights
- Corporate NNN Ground Lease - Limited LL Responsibility
- Adjacent to Planned 202 Unit Mixed-Use Dev by Lennar
- High Traffic Location - 47,000+ ADT
- Strong Demographics - Avg HH Income $117k+ (3 Mi)
- Home of Cal State University - San Marcos (CSUSM)
- Large .92 Acre Parcel
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