Buffalo Wild Wings
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 | Two, 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 $97,000 Within 5 Miles of the Subject Property
404 Englar Road, Westminster, MD 21157
Rentable SF 6,400 SF
Price per SF $255.49
Year Built / Renovated 2005
Lot Size 1.50 Acres
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 404 Englar Road, Westminster, 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 2007, Buffalo Wild Wings provides a franchisee guaranteed, 16-year absolute-net lease with two, 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.