Description

Marcus & Millichap is pleased to offer for sale three single tenant Buffalo Wild Wings, leasehold interest, sale leaseback, opportunities located in Maryland (see chart below). The leases are guaranteed by Wings Across America a 14-unit Buffalo Wild Wings franchised operator with annual sales of approximately $40 million. 

This opportunity is located at 230 Railway Lane, Hagerstown, Maryland. The property is comprised of a 6,400-square foot casual dining restaurant. The investment offering is for the leasehold interest in the building and improvements only, which is situated on a matching term ground lease. Constructed in 2005, Buffalo Wild Wings provides a franchisee guaranteed, 16-year absolute-net lease with three, five-year options, increasing 10 percent every five years. The ground lease terms match the restaurant leasehold lease. The tenant pays both the leasehold and ground rent payments. Ground lease details can be found on page six.