Buffalo Wild Wings - Austin, TX

13000 N Interstate Hwy 35, Austin, TX, 78753, US

Descrição do ativo

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Buffalo Wild Wings (“BWW”) located at 13000 North I-35 in Austin, Texas (“Property” or “Asset”). BWW is operating on an absolute NNN lease with zero landlord responsibilities, ±7.9 years of primary lease term remaining, 1.50% annual rent escalations in the primary term and 10.0% escalations every 5-years in the two, five-year renewal options.

Located in the rapidly developing Austin Tech Ridge Corridor in northeast Austin, Buffalo Wild Wings is at the dominant intersection of I-35 and Parmer Lane with visibility to over 200,000 vehicles per day. The area is a hub for companies like Dell, General Motors, Apple, and 3M, and includes areas like The Business Center at TechRidge and Tech Ridge Collection.

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Atributos

Preço pedido

€ 3.584.000

Taxa de capitalização

6,75%

NOI

€ 242.000

WAULT

7.9 anos

Área de construção líquida

580 m²

Área de terreno bruta

0,49 ha

Mídia

Destaques do investimento

Operating on an absolute NNN lease with ±7.9 years of primary lease term remaining and 1.50% annual escalations
Outparcel to Shops at Tech Ridge shopping center with 3.6 million visits annually
Buffalo Wild Wings is the largest sports bar brand with average unit volume of $3.3 million
Strong demand characteristics driven by 1-mile AHHI of $113K
Adjacent to 425-acre EastVillage master-planned community
Dense commercial corridor with direct visibility to 200,000 VPD