Buffalo Wild Wings
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

8735 University Town Centre Dr., Morgantown, WV 26501

PROPERTY INFORMATION

Price:
$4,312,500
Cap Rate:
6.40%
Term Remaining:
20 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • New 7,600 SF Buffalo Wild Wings Restaurant
  • 20 Year Absolute NNN Lease| No Landlord Responsibilities
  • 10% Rent Increases Every 5 Years
  • Franchisee Operates 22 Profitable Units | 8 Units on the Lease Guarantee
  • Excellent Rent to Sales Ratio
  • Extremely Healthy Store Sales Volume

INVESTMENT SUMMARY

Fortis Net Lease is proud to present a brand new Buffalo Wild Wings at 8735 University Town Centre Dr. in Morgantown, WV. The 20 year absolute NNN lease has a franchisee guarantee. The lease has two, five year options with 10 percent rent increases every five years. The subject property provides an investor with a stable long term, management-free income stream.

The subject property is situated in a growing retail area and is surrounded by many national tenants including: Walmart, Target, Sam’s Club, Dick’s Sporting Goods, Best Buy, Regal Cinemas, Giant Eagle Supermarket and Barnes & Noble. Buffalo Wild Wings is close to a Walmart Supercenter, Sam’s Club & Target as well as the Monongalia County Ballpark and a new WVU Medical Center. There are over 72,400 residents within five mile and an explosive projected growth rate of 11.45% within one mile by 2022. The average household income within five miles is $63,000 and the median home value within three miles exceeds $176,000.