ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Buffalo Wild Wings – North Smithfield, RI – Ground Lease

51 Dowling Village Boulevard

Asking Price: $2,000,000
Cap Rate: 5.50%

PROPERTY HIGHLIGHTS:

  • Prime retail location: The Property is within Dowling Village premier power center (600,000 square foot mixed-use development) anchored by Lowe’s, Walmart Supercenter, ALDI Supermarket, and Kohl’s—North Smithfield’s largest site for commercial development (trade area of nearly 190,000 people) featuring cross easements with box tenants and added development potential.
  • Excellent location: The Property is 20 minutes from Providence (more than 1.7 million people) and less than one hour from Boston; Interstate 295 runs just south of the town with direct access from nearby North Smithfield Expressway.
  • Sucessful, recognized tenant: Buffalo Wild Wings has more than 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 percent rental increases every five years throughout the base term and options.
  • Large, dense workforce trade area: Over 95,000 people, with an average household income greater than $73,000 live within five miles of the Property.
  • There are no features available

$2,000,000

5,445 SF

Price:

$2,000,000

Cap Rate:

5.5%

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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