Buffalo Wild Wings @Liberty University
$3,650,000
3812 Wards Road, Lynchburg, VA 24502
6.85
Cap Rate
250,000
NOI
Details:
Highlights:
- Long-Term Buffalo Wild Wings Establishment
- Recast Lease adding 10yrs of New Term
- 2% Annual Rent Increases
- Outstanding Retail Location
- Walking Distance to Liberty University & Central VA Community College
- Tenant Renovated Interior & Exterior - Completed May 2024
Description:
Buffalo Wild Wings is a time-tested restaurant concept which continues to perform not only across the United States, but around the world selling 5.5 million wings a day. This particular Lynchburg location is found within a dominant shopping corridor and is proximate to countless retailers such as: Walmart, Sam’s Club, Texas Roadhouse, Cracker Barrel, Chick-fil-A, Target; and areas major regional mall; Liberty University; as well as has direct walking access to a Central Virginia Community College campus. The store has outside seating for patrons, and also uniquely has outdoor accessible bar seating, further enhancing the customer experience. An astute investor will capitalize on a rare opportunity to acquire a proven business concept & location, backed by a renovated store with a recently extended lease. The current lease runs through 2033 with additional options to extend thereafter and has fixed two percent annual rent increases beginning on January 1, 2025.
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