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27298915
27298947

4869 Valley View Blvd NW, Roanoke, VA 24012

JM
FL SL3631750
TD Commercial Group
SS
FL SL3633363
TD Commercial Group
Listed by TD Commercial Group
$5,400,000
311 days on market
Updated 57 days ago

Buffalo Wild Wings

Details
APN 2490123
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,830
Cap Rate 6%
NOI $324,000
Occupancy 100%
Tenancy Single
Brand/Tenant Buffalo Wild Wings
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 5 x 5 Years
Price per SqFt $791
Broker Co-Op Yes
Class A
Year Built 2001
Year Renovated 2025
Acreage 1.750
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Occupancy Date 08/31/2025
Sale Condition Sale for leaseback

Brand New 15 Year ABS NNN Sale Leaseback

Marketing description

FLAGSHIP BUFFALO WILD WINGS RELOCATION AT ROANOKE’S RETAIL EPICENTER

Buffalo Wild Wings is relocating to a premier outparcel at Valley View Mall — Roanoke’s dominant regional retail hub and most trafficked power center. The site benefits from direct visibility off Valley View Blvd with over 23,000 vehicles per day and immediate access to I-581, less than 1 mile from Roanoke-Blacksburg Regional Airport. The franchisee is upgrading from their long-standing interior mall space to the former TGI Friday’s outparcel — increasing street presence, improving accessibility, and enhancing the customer experience. The new ±6,830 SF design adds 100–150 seats, outdoor dining, and expanded kitchen throughput, with projected stabilized sales of $4.0M–$4.5M — a sharp step-up from current $3.6M+ performance.

This relocation aligns with the broader revitalization of Valley View Mall and the surrounding “District at Valley View” initiative. New outparcel development and retail recruitment are reinvigorating the corridor, while the adjacent Evans Spring site is being master-planned for mixed-use expansion with a proposed I-581 interchange upgrade. The mall’s anchor tenants (Macy’s, Belk, Dick’s, Best Buy) continue to generate regional draw, and the subject property’s 1.75-acre pad — one of the largest in the portfolio — offers unmatched visibility, strong land value, and a completely restructured 15-year absolute NNN lease. This is a top-tier asset positioned at the literal center of Roanoke’s retail heartbeat.

A PART OF A PORTFOLIO:

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Investment highlights

FLAGSHIP-QUALITY RETAIL PAD IN ROANOKE’S PREMIER CORRIDOR

Positioned on a high-visibility 1.75-acre outparcel within the dominant Valley View Mall trade area — the region’s top retail node. Surrounded by Macy’s, Dick’s, Best Buy, and other category leaders, this location offers prime frontage on Valley View Blvd with direct access from I-581, drawing over 23,000 vehicles per day.

FULL 2025 RENOVATION-TO-SUIT | BRAND-NEW 15-YEAR LEASE

A full-scale redevelopment is underway to reposition a former TGI Friday’s into Buffalo Wild Wings’ latest prototype. The 6,830 SF structure will feature a modernized layout, 100–150 additional seats, patio dining, and enhanced throughput — supported by a brand-new 15-year absolute NNN lease with no landlord obligations.

ABSOLUTE NNN LEASE WITH 15-YEAR TERM

The lease offers 15 years of term with 10% rent escalations every 5 years, creating dependable income and a long-term inflation hedge. Grube Inc. — the tenant — is the largest independent Buffalo Wild Wings franchisee in the U.S., with 70+ units and a deep track record of operational excellence and zero lease defaults.

REGIONAL HUB WITH AIRPORT PROXIMITY | WESTERN VIRGINIA DRAW

Located just minutes from Roanoke-Blacksburg Regional Airport, this is the most strategically placed restaurant site in the metro — accessible to travelers, shoppers, and residents alike. Roanoke is a central access point to Western and Central Virginia, making this site uniquely positioned to pull a broad regional customer base.

MALL REVITALIZATION ANCHORS LONG-TERM VALUE

This property sits at the epicenter of Roanoke’s redevelopment focus, where major reinvestment is underway — including the District at Valley View lifestyle center and the Evans Spring master plan across I-581. The city’s commitment to mixed-use expansion and traffic infrastructure ensures the long-term relevance of this location as a retail and cultural hub.

Listing Contacts

JM
FL SL3631750
TD Commercial Group
SS
FL SL3633363
TD Commercial Group
Listed by TD Commercial Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$324,000.00
$27,000.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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