ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Buffalo Wild Wings – North Smithfield, RI – Ground Lease

51 Dowling Village Boulevard

ASKING PRICE: $2,200,000
CAP RATE: 5.0%

PROPERTY HIGHLIGHTS:

  • PRIME RETAIL — Within Dowling Village premier power center (600K SF, mixed-use development) anchored by Lowe’s, Walmart Supercenter, ALDI Supermarket & Kohl’s (opening Fall 2017) — North Smithfield’s largest site for commercial development (trade area of nearly 190K people) featuring cross easements with box tenants & added development potential.
  • EXCELLENT LOCATION — 20 minutes from Providence (1.7M+ people) & less than 1 hour from Boston; I-295 runs just south of the town with direct access from nearby North Smithfield Expressway.
  • SUCCESSFUL, RECOGNIZED TENANT — Buffalo Wild Wings has 1,190+ restaurants around the world and has won dozens of “Best Wings” and “Best Sports Bar” awards across the country.
  • QUALITY INVESTMENT — No landlord responsibilities and fixed 10% rental increases every 5 years throughout base term and options.
  • LARGE, DENSE WORKFORCE TRADE AREA — Over 95,000 people, with an average household income of $73K+, within five miles of the property.
  • There are no features available

$2,200,000

5,445 SF

Price:

$2,200,000

Cap Rate:

5.0%

Building Size:

5,445 SF

SF Land Area:

2.06 acres

Current NOI:

$110,000

Lease Type:

Ground

Remaining Term:

Ten (10) Years

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Michael O'Mara

(617) 239-3616

Download Offering Memorandum
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