Buffalo Wild Wings NNN Property For Sale — Champlin, MN
11508 Theater Drive, Champlin, MN 55316
This is a prime investment opportunity featuring a 5,352 square foot Buffalo Wild Wings, meticulously constructed in 2003. This trophy asset boasts a rare corporate-guaranteed absolute NNN lease, offering an investor passive income. The lease has 8 years remaining on the original 15.5-year term, with four 5-year renewal options and attractive 1% annual rent increases. The property benefits from a strategic location within a thriving retail corridor, experiencing high traffic counts and excellent visibility. It is positioned at the entrance to a successful cinema and adjacent to popular national retailers, drawing significant consumer traffic. This location is further enhanced by its proximity to an affluent residential area and major corporate presences in the wider Minneapolis area, incl…
- Address: 11508 Theater Drive, Champlin, MN 55316
- Asking price $2.55M
- 7.50% cap rate
- NOI $201,619
- 8 years remaining
- NNN lease
- Year built: 2003
- Building size: 5,352 SF
- Lot size: 1.55 acres
- Lease expiration: May 31, 2018
- Rent increases: 1% annual
- Guarantor: Corporate
Location
This Buffalo Wild Wings property is at 11508 Theater Drive in Champlin, Minnesota.
Asset type: Retail - Restaurant