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Marketing Description
This investment opportunity brings a qualified investor a 3,956 square foot Wingers in Murray, Utah that is currently owned and operated by Wingers USA, Inc. With over 25 locations, Wingers, named best wings in the United States by USA Today, is one of the most popular restaurant chains in Utah and the Intermountain West. The sale-leaseback offering is a 15-year triple net (NNN) lease which is guaranteed by Wingers USA, parent of Winger’s Restaurant and Ale House. The initial lease term is 15 years, with four 5-year options
INVESTMENT HIGHLIGHTS
- Owned and Operated by Winger’s USA, Inc.
- Wingers has 25 Locations in 5 Western States
- Corporate Lease Guaranteed by Winger’s USA, Inc.
- $8.5 million in Corporate Annual Sales (Includes Only the 8 Stores Wholly Owned and Operated by Wingers USA)
- Corporate Lease Guaranteed by Winger’s USA, Inc.
- 15 -year Base Term
- 10% Rent Escalations Every 5 Years (Including Option Periods)
- Absolute Triple Net (NNN)
- No Landlord Obligations
- Over $200,000 in Planned Interior & Exterior Improvements Over Next 6 -12 Months.
- Directly Across the Street From New Murray City Center Development, and Near New 53rd Center Development
- Located Directly on State Street, Near I-15
- ADT of 32,045
- Surrounded by Other Major National Retailers
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