Liv's Tavern and Wayward Bar & Kitchen
High Profile Urban Net-Lease Offers | Heart of Federal Hill | 8.75+ Year WALT
Marketing description
KLNB Retail Capital Markets is pleased to present for sale the fee simple interest in Liv’s Tavern and Wayward Bar & Kitchen, a two tenant, four-parcel assemblage consisting of 0.46 acres of land in Federal Hill, Baltimore. 100% occupied by two destination restaurant tenants: Liv’s Tavern and Wayward Bar & Kitchen, the asset benefits from 8.75+ years of weighted lease term remaining and 23,600 SF of bar and restaurant space within walking distance to M&T Bank Stadium and Oriole Park at Camden Yards. Liv’s Tavern, formerly known as Mother’s Grille, was recently purchased by the owner of Wayward Bar & Kitchen, White Oak Hospitality. Offered to market for the first time in 100+ years, the asset offers both stable cash flow and tremendous long-term residual value in a top caliber, land constrained neighborhood of Baltimore.
Investment highlights
Iconic Retail Investment with Tremendous Residual Value
Both businesses are operated by a single restaurant group, White Oak Hospitality, which purchased the Liv’s Tavern lease (formerly Mother’s Federal Hill Grille, in occupancy since 1997), and separately leases the remaining space at the property, operating as Wayward Bar & Kitchen (in occupancy since 2016). The second-floor space is part of Wayward and offers a unique future expansion opportunity, ideal for concerts, private events, or catering functions, providing meaningful upside potential and an attractive value-add component for both the tenant and investors. The offering provides steady cash flow with long-term residual upside, covering 4 parcels and nearly a half-acre in the dense, highly sought after Federal Hill submarket.
Fresh Long-Term Renewals with Net Recoveries
Both tenants recently renewed for 10 year with Wayward Bar & Kitchen term through Dec. 2033 and Liv’s Tavern through Dec-2034, each with 2.50% annual increases throughout their base term, providing a hedge against inflation. The tenants are responsible for self-maintaining their spaces and reimburse a majority of the expenses, limiting a landlord’s expense exposure.
Dedicated Baltimore Restaurateur with Proven Operating Success
The operators of Liv’s & Wayward have firmly planted their flag in the submarket, owning multiple bar concepts throughout Maryland and Federal Hill, including Bandito’s Tacos & Tequila across the street, which utilizes Wayward’s larger format kitchen for catering services at the sister restaurant. Together, these restaurants offer a wide range of cuisine and nightlife options to the vibrant Federal Hill neighborhood. White Oak Hospitality operates six total Bandito’s Tacos in MD and VA, in addition to Liv’s & Wayward.
Conveniently located near Ravens Stadium, Oriole Park, and Downtown
The property is less than a 5-minute drive (15-20 minute walk) to both M&T Bank Stadium, which recently extended their lease through 2037, and Oriole Park at Camden Yards, extending at least 15 years, up to 30 with additional funding, making the bar & restaurants a preferred destination for baseball and football games, or concerts and events hosted at the venues. The property is also less than ¾ of a mile from Inner Harbor, the future Harbor place redevelopment, and The Baltimore Convention Center, offering seamless access to the heart of Baltimore City.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
