Corporate Buffalo Wild Wings Ground Lease
Racine, WI 53406-5041
Buffalo Wild Wings Logo Image
5880 Durand Ave
Racine, WI 53406-5041
  • Asking Price: $2,467,300
  • Cap Rate: 5.35%
  • Lease Type: Ground Lease
  • Status: Available
PROPERTY DETAILS:

Near $10B Manufacturing Development – Foxconn Technology Group is building a 1,200-acre manufacturing facility that is scheduled for completion in 2020 and will employ 13,000 people • Long Term NNN Ground Lease – 10+ years of term remaining with 4, 5-yr options and 10% rent increases • Rare Long Term Corporate NNN Ground Lease – 10+ years of term remaining with 4, 5-yr options and 10% rent increases. Buffalo Wild Wings has 1,250+ locations and was recently acquired by Inspire Brands, which has total annual systemwide sales of $7.6B • Regional Mall Outlot – The site is an outlot to the 810,000 SF Regency Mall, featuring Burlington, Ross Dress for Less, Joann Fabrics, Party City, and more. The mall is currently undergoing a $7.5M renovation • Strong National Retailer Presence – Additional retailers in the area include Target, Walmart, Menards, The Home Depot, Pick ‘n Save, Michaels, T.J. Maxx, McDonald’s, Starbucks, and Taco Bell, among others • Project Stadia Concept – The site features Buffalo Wild Wings modern “Stadia” concept which on average generate higher sales than regularly branded restaurants.