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27608863
27608864

100 Lakeview Ctr, Parkersburg, WV 26101

BC
TN 362162, WVS230302830 (+1)
Matthews
Listed by Matthews
$1,428,267
233 days on market
Updated 28 days ago

Buffalo Wild Wings

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 8,000
Cap Rate 7.50%
NOI $107,120
Occupancy 100%
Tenancy Single
Lease Type NN
Remaining Term 15
Price per SqFt $179
Year Built 2000

Long-Term Lease

Investment highlights

  • Long-Term Lease: Buffalo Wild Wings has successfully operated at this location since 2001 and recently extended through April 2041, providing investors with over 15 years of secure remaining term. The lease includes 10% rent increases every five years, ensuring predictable income growth over the hold period.

  • Strong National Tenant: Buffalo Wild Wings is a well-established national restaurant chain with over 1,200 locations across the U.S. and abroad. The brand’s long operating history at this location underscores its strong sales performance and long-term viability in the Parkersburg market.

  • High-Visibility Location: The property is strategically positioned on Murdoch Avenue (±35,944 VPD) which is one of Parkersburg’s most active shopping destinations. Surrounded by national retailers and restaurants including Walmart Supercenter, Lowe’s, Sam’s Club, Kohl’s, Chick-fil-A, Starbucks, Olive Garden, and Texas Roadhouse, the site benefits from strong traffic patterns and steady consumer demand.

  • Dominant Multi-County Trade Area: Parkersburg functions as the commercial hub of the Mid-Ohio Valley, drawing shoppers from a multi-county region across West Virginia and Ohio. Anchored by a stable workforce, healthcare and higher-education institutions, and limited new retail development, the area continues to support robust consumer spending and consistent demand for national restaurant operators like Buffalo Wild Wings.

  • Strong Market & Economic Drivers: Within the surrounding 5-miles, the population comes in at 60,441 residents, with an average household income of $ 67,550 and over $707.8M in consumer spending. The area’s stable workforce, growing healthcare and education sectors, and solid household purchasing power provide a durable foundation for continued tenant performance.

Listing Contacts

BC
TN 362162, WVS230302830 (+1)
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$107,120.00
$8,926.67/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Brayden Conner
License
WVB250301071 (WV)
Brokerage
Matthews Real Estate Investment Services of WV, LLC
Title
Broker of Record
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