Buffalo Wild Wings | 1010 San Marcos Blvd
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Buffalo Wild Wings 1010 San Marcos Blvd
5,445 SF Retail Building San Marcos, CA 92078 £2,003,960 (£368/SF) 5% Net Initial Yield
Investment Highlights
- Corporate NNN Ground Lease - Limited LL Responsibility
- High Traffic Location - 47,000+ ADT
- Home of Cal State University - San Marcos (CSUSM)
- Adjacent to Planned 202 Unit Mixed-Use Dev by Lennar
- Strong Demographics - Avg HH Income $117k+ (3 Mi)
- Large .92 Acre Parcel
Executive Summary
REvolve Growth Partners has been exclusively retained to offer for sale Buffalo Wild Wings in San Marcos, CA. Located on the highly traveled San Marcos Blvd (47,000+ ADT and major east/west arterial road from San Marcos to Carlsbad), BWW sits at the forefront of Lennar’s new 202-unit mixed use development. Breaking ground soon, this neighboring development will draw additional traffic to an already busy area through the inclusion of complementary outdoor dining, and a walkable community with expansive public spaces to gather.
BWW is situated in one of North San Diego County’s most rapidly growing cities, with a young and affluent population (AHHI $117,000+ 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos.
BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN, Corporate Guaranteed ground lease with 4 - 5 year options. investors benefit from a 10% increase in rent every five years (next increase at 2/26 option). The below market lease provides simultaneously provides for a hedge against the shorter lease term remaining, as well as the opportunity for long term appreciation. In 2022, sales for the store were in excess of $3.5M!
BWW is situated in one of North San Diego County’s most rapidly growing cities, with a young and affluent population (AHHI $117,000+ 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos.
BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN, Corporate Guaranteed ground lease with 4 - 5 year options. investors benefit from a 10% increase in rent every five years (next increase at 2/26 option). The below market lease provides simultaneously provides for a hedge against the shorter lease term remaining, as well as the opportunity for long term appreciation. In 2022, sales for the store were in excess of $3.5M!
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,445 SF
Building Class
C
Year Built
2016
Price
£2,003,960
Price Per SF
£368
Net Initial Yield
5%
NOI
£100,198
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
0.92 AC
Zoning
MU-1
Parking
56 Spaces (10.28 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 219-200-46 | Improvements Assessment | £1,992,295 |
| Land Assessment | £1,470,981 | Total Assessment | £3,463,277 |
PROPERTY TAXES
Parcel Number
219-200-46
Land Assessment
£1,470,981
Improvements Assessment
£1,992,295
Total Assessment
£3,463,277
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Buffalo Wild Wings | 1010 San Marcos Blvd
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