Carbondale, IL - Buffalo Wild Wings

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, freestanding Buffalo Wild Wings investment property located in Carbondale, Illinois. The tenant, Zellmer LLC, has approximately 5 years remaining on their lease term with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Buffalo Wild Wings is a top foodservice retailer with over 1,200 locations around the United States.

Buffalo Wild Wings is strategically located off State Highway 13, a major thoroughfare averaging over 27,900 vehicles passing by daily. The property is ideally situated down the street from University Mall (572,000 SF), anchored by Bed Bath & Beyond, Ross Dress for Less, Ulta Beauty, and more. Other nearby national/credit tenants include Walmart Supercenter, Lowe’s, Kroger, AMC Theatres, Best Buy, Dollar Tree, Dick’s Sporting Goods and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the site is minutes away from Southern Illinois University, which enrolls over 11,000 students, further increasing consumer traffic to the property. The 5-mile trade area is supported by more than 30,400 residents and 18,900 employees, providing a direct consumer base from which to draw. Residents within 5 miles of the site produce an average household income of $65,080. The subject property benefits from limited competition as the only Buffalo Wild Wings serving the community, with the nearest Buffalo Wild Wings restaurant located over 12 miles away.