The subject property is the investment in the land under a new, freestanding Buffalo Wild Wings in the Fort Worth suburb of Weatherford, Texas. The tenant has constructed all improvements and retains ownership of their building. At the termination of the lease, all improvements will revert to the landowner. The site is located along busy Interstate 20, and is an out-parcel to Weatherford Ridge. Weatherford Ridge is a regional retail center strategically located at the NEC of Highway 51 and Interstate 20. Tenants include JCPenney, Belk’s, Michael’s, Bed Bath & Beyond, Ulta, Chase Bank, Denny’s, Olive Garden & Taco Cabana. Traffic generators sharing this interchange are Walmart, Home Depot, Sears, Target, Lowe’s, Kohl’s, Best Buy, Ross, PetSmart, Office Depot, Matress Giant, Logan’s Roadhouse, Chili’s, Applebee’s, IHOP, On The Border, McDonald’s and Chick-Fil-A.
Tenant: Blazin Wings, Inc.
Buffalo Wild Wings, Inc., founded in 1982, is one of the Top 10 Fastest-Growing Restaurant Chains in the country. Their concept is much more than just a New York-style wing restaurant with 14 bold signature sauces. Their inviting and energetic environment is ideal for watching a sporting event on one of the many big-screen TV’s, or taking the family out for a reasonably priced meal. The concept has grown to 567 company-owned and franchised restaurants in 39 states. Successful IPO in Nov. 2003. Buffalo Wild Wings is one of only a few restaurant chains experiencing increasing same store sales (4.5%) and earnings (27%). |