request_info_guest false

Buffalo Wild Wings @Liberty University

$3,650,000

3812 Wards Road, Lynchburg, VA 24502

Active
Last Updated: 09/17/2024

6.85

Cap Rate

250,000

NOI

Details:
Cap Rate:    6.85%
NOI:    $250,000
Pro Forma Cap Rate :    7%
Building Size:    7,450 sqft
Lot Area:    0.094 sqft
Occupancy:    100%
Class:    A
Lease Type:    Absolute Net
Year Built:    2015
Tenancy:    Single
Year Last Renovated:    2024
Investment Strategy:    Core
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.

Map:
Location
Gallery