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Restaurant

Buffalo Wild Wings

1801 W Pierce St, Carlsbad, NM 88220

Listing Price: $4,200,000

Cap Rate
5.38%
Tenant Name
Buffalo Wild Wings
Years Remaining On Lease
9.0
Gross SF
6,880
Guarantor
Corporate Guarantee
Rentable SF
6,880
Price/Gross SF
$610.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.81

Investment Overview

The subject property is a Buffalo Wild Wings restaurant located at 1805 W. Pierce Street in Carlsbad, New Mexico. The 6,383 square foot building was constructed in 2015, features a covered outdoor patio, and sits on a 1.03 acre parcel adjacent to the Northgate shopping center. Nearby tenants include Walgreen’s, Lowe’s, Dollar General, Dollar Tree, Harbor Freight Tools and City National Bank. The Carlsbad Mall, Carlsbad Medical Center (99 Beds) and New Mexico State University Carlsbad (1791 students) are also within close proximity. There are more than 9 years remaining on a 15 year triple net (NNN) lease including a 7.5% rent increase in 2025 and in each of the two (2) Five (5) year option periods. Buffalo Wild Wings, (BWW),founded in 1982, is the largest sports bar brand in the United States. Globally, BWW operates more than 1,200 restaurants in nine countries and specializes in quick casual dining, serving Buffalo-style chicken wings with more than a dozen unique dipping sauces in addition to appetizers, burgers, tacos, salads and deserts. In 2018 BWW was acquired by Inspire Brands who is the owner/franchisor of Arby’s, Baskin-Robbins, Dunkin’, Jimmy John’s, Rusty Taco and Sonic. Carlsbad, New Mexico is the county seat of Eddy County, the fastest growing community in New Mexico. Carlsbad is a hub for potash mining, petroleum production, and tourism which is a major industry due to Carlsbad Caverns, the Lincoln National Forest, the Living Desert Zoo and Gardens State Park, and the Annual Christmas Pecos Light Show considered one of the top100 must see events in North America.

Investment Highlights

  • 9 Years remaining on Absolute NNN lease with Corporate Guaranty
  • Buffalo Wild Wings has over 1,200 locations and $3.2 Billion in system wide sales
  • 6,383 sf restaurant completed in 2015, features covered outdoor patio on a 1.3 Acre Site with ample parking
  • Major tenants in the Area include Walmart, Lowe's, Dollar Tree, Harbor Freight Tools and City National Bank
  • Carlsbad is the County Seat of Eddy County, the fastest growing community in New Mexico
  • Hub for Potash mining, petroleum production and tourism (Living Desert Zoo, Carlsbad Caverns)

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Restaurant

Buffalo Wild Wings

Listing Price: $4,200,000

Cap Rate
5.38%
Tenant Name
Buffalo Wild Wings
Years Remaining On Lease
9.0
Gross SF
6,880
Guarantor
Corporate Guarantee
Rentable SF
6,880
Price/Gross SF
$610.47
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.81

Investment Highlights

  • 9 Years remaining on Absolute NNN lease with Corporate Guaranty
  • Buffalo Wild Wings has over 1,200 locations and $3.2 Billion in system wide sales
  • 6,383 sf restaurant completed in 2015, features covered outdoor patio on a 1.3 Acre Site with ample parking
  • Major tenants in the Area include Walmart, Lowe's, Dollar Tree, Harbor Freight Tools and City National Bank
  • Carlsbad is the County Seat of Eddy County, the fastest growing community in New Mexico
  • Hub for Potash mining, petroleum production and tourism (Living Desert Zoo, Carlsbad Caverns)

Investment Overview

The subject property is a Buffalo Wild Wings restaurant located at 1805 W. Pierce Street in Carlsbad, New Mexico. The 6,383 square foot building was constructed in 2015, features a covered outdoor patio, and sits on a 1.03 acre parcel adjacent to the Northgate shopping center. Nearby tenants include Walgreen’s, Lowe’s, Dollar General, Dollar Tree, Harbor Freight Tools and City National Bank. The Carlsbad Mall, Carlsbad Medical Center (99 Beds) and New Mexico State University Carlsbad (1791 students) are also within close proximity. There are more than 9 years remaining on a 15 year triple net (NNN) lease including a 7.5% rent increase in 2025 and in each of the two (2) Five (5) year option periods. Buffalo Wild Wings, (BWW),founded in 1982, is the largest sports bar brand in the United States. Globally, BWW operates more than 1,200 restaurants in nine countries and specializes in quick casual dining, serving Buffalo-style chicken wings with more than a dozen unique dipping sauces in addition to appetizers, burgers, tacos, salads and deserts. In 2018 BWW was acquired by Inspire Brands who is the owner/franchisor of Arby’s, Baskin-Robbins, Dunkin’, Jimmy John’s, Rusty Taco and Sonic. Carlsbad, New Mexico is the county seat of Eddy County, the fastest growing community in New Mexico. Carlsbad is a hub for potash mining, petroleum production, and tourism which is a major industry due to Carlsbad Caverns, the Lincoln National Forest, the Living Desert Zoo and Gardens State Park, and the Annual Christmas Pecos Light Show considered one of the top100 must see events in North America.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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