Listed by Matthews
$3,225,038
Buffalo Wild Wings | Indianapolis, IN
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 6,085
Cap Rate 8%
NOI $258,003
Occupancy 100%
Tenancy Single
Brand/Tenant Buffalo Wild Wings
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2029
Remaining Term 3
Rent Bumps Yes
Lease Options Four, 5-Year
Broker Co-Op True
Year Built 2013
Acreage 0.820
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 03/24/2014
Ground Lease No
Ownership Fee Simple
ABS NNN | 8% CAP | Avg HH Income $116,133 Annually
Investment highlights
- Passive Investment Opportunity – ±3.25 years remaining on an initial 15 year Absolute NNN lease with Buffalo Wild Wings (Operator: World Wide Wings LLC)
- National Tenant – Started in 1982, Buffalo Wild Wings has since grown to 1,300+ locations, 9 global markets, and is the LARGEST sports bar brand in the United States.
- Absolute NNN Lease with Zero Landlord Responsibilities – Tenant is responsible for maintaining roof, structure, and parking lot.
- Nearby National Tenants (Excellent retail corridor) – This property is located on cross roads E 62nd St (±13,300 VPD) and N Keystone Ave (±25,100 VPD), a prime retail thoroughfare in Indianapolis MSA. National Credit Tenants nearby include Target, Lowe's, Chick-fil-a, Taco Bell, Panera, KFC, Culver's, Walgreens, etc.
- Developmental Growth – Massive new construction apartment complex across the street with 267 units, built in 2021.
- Incredible Surrounding Area – ±8 Miles from Downtown Indianapolis, Glendale Town Center outparcel, nearby Butler University, Glendale 12 Theatre.
- Rare Annual Rental Increases – 1.65% rental increases annually.
- Densely Populated Area (2025) – ±72,549 in a 3-mile radius, ±219,193 in a 5-mile radius, ±839,130 in a 10-mile radius.
- Affluent Area in Indianapolis – Average household incomes north of $109,000 in a 1-mile radius and an average household incomes north of $144,000 in a 3-mile radius.
- Seasoned Operator – World Wide Wings, based in Vancouver, WA now has 60+ locations nationally in Indiana, Florida, Washington, California, Oregon, and Illinois. This demonstrates a proven track record for the distinguished brand, while boosting confidence for potential investors.
- Growing Indianapolis Market – Indianapolis is the 16th most populated city in the United States. Ranked 4th City in U.S. for emerging hotspots in CRE.
- Home to Butler University – Close proximity to Butler University, 5,000+ students, $1B+ Regional Economic Impact, #1 Regional Midwest University.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$258,003.00
$21,500.25/mo
Valuation Metrics
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DSCR
8%
Cap Rate
8%
ROI
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