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25451675
25451676

15080 Flag City Dr, Findlay, OH 45840

JM
FL SL3631750
TD Commercial Group
SS
FL SL3633363
TD Commercial Group
Listed by TD Commercial Group
$3,000,000
317 days on market
Updated 63 days ago

Buffalo Wild Wings

Details
APN 630001020029
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 6,114
Cap Rate 6%
NOI $180,000
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
Price per SqFt $491
Broker Co-Op Yes
Class A
Year Built 2002
Year Renovated 2020
Acreage 1.550
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Sale Condition Sale for leaseback

Brand New 15 Year ABS NNN Sale Leaseback

Marketing description

FLAGSHIP PAD IN NORTHWEST OHIO’S LEADING REGIONAL RETAIL HUB

This Buffalo Wild Wings sits as a prime outparcel to Menards on Flag City Drive, directly adjacent to Tiffin Avenue – the city’s dominant retail corridor with over 22,000 vehicles per day. National tenants in the immediate trade area include Walmart Supercenter, Meijer, Lowe’s, TJ Maxx, Target, and Kroger, driving sustained consumer traffic and visibility. Findlay is the county seat of Hancock County and serves as a retail, healthcare, and logistical hub for northwest Ohio.

What makes Findlay uniquely compelling is its outsized economic profile for a secondary market. As the headquarters of Fortune 500 energy giant Marathon Petroleum, Findlay enjoys an elevated average household income of $118,000 within 1 mile, with home values far below national averages — creating high disposable income. The local population has grown steadily, defying Midwest stagnation trends, and boasts one of the most affluent and stable consumer bases in the region. This dynamic makes the Findlay asset a rare high-income, low-cost investment location in the NNN space.

A PART OF A PORTFOLIO:

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Investment highlights

PREMIUM RETAIL PAD IN TIFFIN AVE RETAIL CORRIDOR

Strategically located adjacent to Menards and embedded within the dominant Tiffin Avenue retail corridor — home to Walmart, Meijer, Kohl’s, and Lowe’s — this site offers exceptional visibility, easy access, and high consumer draw. The dense clustering of national retailers ensures steady foot traffic and sustained local relevance for the tenant.

RECENTLY RENOVATED TO MODERN PROTOTYPE

Originally constructed in 2002 and extensively remodeled in 2020, the building reflects Buffalo Wild Wings’ current branding and operational standards. The result is a turn-key, institutional-quality asset offering modern appeal and optimized customer experience.

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.

MPC EFFECT: FINDLAY’S HQ ADVANTAGE

Home to Marathon Petroleum Corporation’s national headquarters, Findlay boasts a surprisingly affluent demographic for a secondary Midwest market. The presence of one of the nation’s largest energy companies drives local white-collar employment, elevates household incomes, and supports above-average consumer spending across dining and retail.

HIGH DISPOSABLE INCOME & GROWING BASE

Findlay’s residents enjoy low cost of living paired with strong earnings. Average household income exceeds $90,000 within a 5-mile radius, with a large share of households earning $100K–$200K annually — creating a uniquely strong consumer base for a secondary market.

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
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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