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Buffalo Wild Wings

Leasehold Interest

Sale Leaseback | Leasehold Interest | Fully Depreciable and Accelerate
Absolute Triple-Net Lease | No Landlord Responsibilities
Excellent Sales | Seven Percent Rent to Sales Ratio
New 16-Year Lease | Three, Five Year Options | 10 Percent Increase Every Five Years
Strong Franchise Operator | Over 20 Years | Lease Guaranteed by 14 Units
Optimal Demographics | Average HHI over $65,000 Within Five Miles

230 Railway Lane, Hagerstown, MD 21740

OFF MARKET

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Market Summary

Price                                              $1,46,2977

Rentable SF                                  6,400 SF

Price per SF                                  $228.59

Year Built / Renovated              2002

Lot Size                                          1.54 Acres

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.