Investment Overview

The subject property is a freestanding Buffalo Wild Wings restaurant situated in Corpus Christi, Texas. Newly constructed for Buffalo Wild Wings in 2003, the tenant recently executed early a new 5 year lease extension with 2-five year options remaining. The corporate lease is absolute triple net with ten (10%) percent fixed rent increases at the beginning of each 5 year option period. This Buffalo Wild Wings sits in front of an AMC 16 Screen Theaters and adjacent to a Texas Roadhouse restaurant. An IHOP restaurant, Fuddruckers restaurant and a Homewood Suites Hotel are also pad sites to this movie theater complex. This Buffalo Wild Wings has excellent frontage onto Highways 358 & 286 with a Wal Mart Supercenter situated within walking distance that brings additional traffic to this area. The city of Corpus Christi is situated 130 miles southeast of San Antonio, Texas and enjoys a city population exceeding 317,000. The Port of Corpus Christ is the 5th largest in the United States and the Corpus Christi International Airport is situated just 7.5 miles away from the subject property. The United States Navel Air Station is located 12 miles from the subject property that provides a reported 6,200 civilian jobs to the local economy, making it the largest employer in the city. Corpus Christi is a popular summer vacation destination because of their large beaches. Placer.ai ranks this Buffalo Wild Wings location in top 39% of all 115 existing Buffalo Wild Wings restaurants in the state of Texas. In February, 2018 the Buffalo Wild Wings chain was acquired by Inspire Brands, a restaurant holding company that operate these other brands: Arby’s, Sonic Drive-in, Dunkin’ Baskin Robins, Rusty Taco, Jimmy John’s and more. Inspire Brands has over 32,000 restaurants with 650,000 employees. Buffalo Wild Wings chain currently operates 1,245 locations in the United States.