BUFFALO WILD WINGS 12107 Winchester Road La Vale, MD 21502 - investment offering - Wertz Real Estate ...
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BUFFALO WILD WINGS
12107 Winchester Road
investment offering La Vale, MD 21502
ACTUAL SITE
TABLE OF CONTENTS DISCLAIMER
This Marketing Package was prepared by Wertz Real Estate Investment Services and David B Zacharia
(“Broker”) solely for the use of prospective buyer considering the purchase of the Property within (the
“Property”) and is not to be used for any other purpose. Neither the Broker nor the Owner of the Property
make any representation or warranty, expressed or implied, as to the completeness or accuracy of the
material contained in the Marketing Package.
Prospective purchasers of the Property are advised that changes may have occurred in the physical or
financial condition of the Property since the time this Marketing Package or the financial statements herein
were prepared. Prospective purchasers acknowledge that this Marketing Package and the financial
statements herein were prepared by Broker, and not by Owner, and are based upon assumptions or events
beyond the control of both Broker and Owner, and therefore may be subject to variation. Other than current
and historical revenue and operating expense figures for the Property, Owner has not, and will not, provide
Broker or any prospective purchaser with any projections regarding the Property. Prospective purchasers
of the Property are advised and encouraged to conduct their own comprehensive review and analysis of
the Property.
Financial Overview 3 The Marketing Package is a solicitation of interest only and is not an offer to sell the Property. The Owner
and Broker expressly reserve the right, at their sole discretion, to reject any or all expression of interest or
offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate
Tenant Overview 4 discussions with any entity at any time with or without notice.
The Owner shall have no legal commitments or obligations to any entity reviewing the Marketing Package
Executive Summary 5 or making an offer to purchase the Property unless and until such offer is approved by Owner pursuant to
its Governing Authorities and the signature of the Owner or Owner’s representative is affixed to a Real
Estate Purchase Agreement prepared by Owner.
Property Photos 6-10 This Marketing Package is confidential. By accepting the Marketing Package, you agree (i) that you will
hold and treat the Marketing Package and its contents in the strictest confidence, (ii) that you will not
Location Map 11 photocopy or duplicate any part of the Marketing Package, (iii) that you will not disclose the Marketing
Package or any of its contents to any entity without the prior authorization of the Owner, and (iv) that you
will not use the Marketing Package in any fashion or manner detrimental to the Owner or Broker.
Area Map 12 Broker has obtained the information contained in this Marketing Package from sources we believe to be
reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation
Market Overview 13 about it. It is submitted subject to the possibility of errors, omissions, changes of price, rental or other
conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions,
assumptions, or estimates for example only, and they may not represent current or future performance of
Demographic Report 14 the Property. You and your tax and legal advisors should conduct your own investigations of the physical
condition of the Property and of the financial performance of its future Ownerships.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT BROKER FOR MORE
DETAILS.
For more information contact:
John R. Wertz Greg LaBarre
Tel: (619) 218-6427 Tel: (619) 997-1242 Listed with MD broker
jwertz@wertzrealestate.com glabarre@wertzrealestate.com David B Zacharia
CA Lic No. 01448585 CA Lic No. 02069301 Lic. No. 660843
financial overview
OFFERING SUMMARY
PRICE $4,296,876
DOWN PAYMENT 100% / $4,296,876
RENTABLE SQUARE FEET 7,058 SF
cap rATE 6.50%
year built 2016
lot size 1.80 +/- Acres
type of ownership Fee Simple
ACTUAL SITE
TENANT SUMMARY
TENANT TRADE NAME Buffalo Wild Wings
ANNUALIZED OPERATING DATA
OWNERSHIP Private
Rent Increases Annual Rent Monthly Rent
LEASE GUARANTOR Franchisee
Years 1-10 $279,297.04 $23,274.75
LEASE TYPE Absolute NNN
Years 11-15 $307,226.70 $25,602.22
LANDLORD RESPONSIBILITIES None
Years 16-20 (Option 1) $337,949.30 $28,162.44
original lease term Fifteen (15) Years
Years 21-25 (Option 2) $371,744.20 $30,978.68
rent commencement date 04/04/2016 Years 26-30 (Option 3) $408,918.57 $34,076.54
lease expiration date 04/03/2031
NET OPERATING INCOME $279,297.04
term remaining on lease 9+ Years
TOTAL RETURN yr-1 6.50% $279,297.04
increases 10% Every 5-Years in Options
OPTIONS TO RENEW (3) 5-Year Options * Tenant did not miss any rent payments during Covid lockdowns,
RIGHT OF FIRST REFUSAL No nor ask for a rent abatement.
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
TENANT overview
PROPERTY NAME Buffalo Wild Wings
PROPERTY ADDRESS 12107 Winchester Road
BUFFALO WILD WINGS La Vale, MD 21502
Buffalo Wild Wings is an American casual dining restaurant and PROPERTY TYPE Single Tenant Net Lease
sports bar franchise in the United States, Canada, India, Mexico,
Oman, Panama, Philippines, Saudi Arabia, United Arab Emirates, LEASE GUARANTOR Franchisee
and Vietnam which specializes in Buffalo wings and sauces. The
chain is best known for Buffalo-style chicken wings along with ORIGINAL LEASE TERM Fifteen (15) Years
over a dozen sauces, as well as a complement of other items such
as chicken tenders and legs. The chain's menu also features
TERM REMAINING ON LEASE 9+ Years
appetizers, burgers, tacos, salads, and desserts, along with beer, OPTIONS TO RENEW (3) 5-Year Options
wine, and other beverages. They are known for their famous
"Blazin Wing Challenge." They challenge customers to eat 12 of lease type Absolute NNN
their hottest wings under six minutes.
LANDLORD RESPONSIBILITY None
INCREASES 10% Every 5-Years in Options
ABOUT THE OPERATOR
year 1 net operating income $279,297.04
Grube Inc. has been a Buffalo Wild Wings franchisee for twenty
years. In the fall of 2020, they acquired seven new locations in no. of locations 1,279
Ohio, expanding their portfolio to twenty locations in five different
states. These states include Maryland, Ohio, West Virginia, headquartered Atlanta, GA
Virginia, and South Carolina. Grube, Inc. also operates numerous
locations of a Mexican food concept called “Rusty Taco.” website www.buffalowildwings.com
years in the business Since 1982
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
executive summary
INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS
Strategically positioned in-between a Wal-Mart Supercenter • 9+ Years Remaining on a 15-Year Absolute NNN Lease
anchored regional mall and a Kohl’s anchored shopping center,
this Buffalo Wild Wings is centrally located in a dense commercial
• 10% Rent Increase in 2026 & Every 5-Years Thereafter
retail corridor. With full access from both sides of the main road
(Winchester Road), this oversized parcel has exceptional visibility
to approximately 25,000 vehicles per day. Operating since 2016, • Situated In-Between Two Major Shopping Centers
Buffalo Wild Wings has over 9 years remaining on their 15-year
lease, with a scheduled rental increase of 10% in 2026 and 10% • Traffic Counts Exceed 25,000 Vehicles Per Day
increases in the 3 (5) year option periods. This is an Absolute
NNN lease with zero landlord responsibilities. The Buffalo Wild • Full Access from Both Sides of Traffic
Wings environment showcases a sport atmosphere with over 30
televisions, video games, trivia nights, and more.
• Largest Concentration of Retail in Cumberland Metro Area
Nearby national retailers in the immediate vicinity include
Wal-Mart, Chick-Fil-A, Applebee’s, ALDI, Aspen Dental, PetSmart,
Mattress Warehouse, US Cellular, TJ Maxx, Tractor Supply Co,
Kohl’s, Dollar Tree, Gabe’s, and many more.
ACTUAL SITE
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
AERIAL PHOTO The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
LOCATION MAP The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
AREA MAP The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
MARKET overview
LA VALE, MD (GREATER WASHINGTON DC AREA)
Washington, D.C., formally the District of Columbia and also known as D.C. or just Washington, is the capital city of the United States. It is located on the east bank of the Potomac River which
forms its southwestern and southern border with Virginia, and shares a land border with Maryland on its remaining sides. As the seat of the U.S. federal government and several international
organizations, the city is an important world political capital. It is one of the most visited cities in the U.S., seeing over 20 million visitors on average and is home to approximately 689,545 people
as of 2019, making it the 20th most populated city in the country.
Washington has a growing, diversified economy with an increasing percentage of professional and business service jobs. The district's gross state product in 2018-Q2 was $141 billion. The
Washington Metropolitan Area's gross product was $435 billion in 2014, making it the sixth-largest metropolitan economy in the United States. Washington is one of 13 cities in the United States
with teams from all four major professional men's sports - The Washington Wizards (NBA), the Washington Capitals (NHL), The Washington Nationals (MLB), and The Washington Football Team
(NFL). It is also home to the Women’s Basketball Team, The Washington Mystics, and Major League Soccer Team, D.C. United.
La Vale, Maryland is located approximately 100 miles from Washington DC. La Vale is a business center that contains the largest concentration of retail and the only indoor shopping mall,
Country Club Mall, in the Cumberland metro area. It is located in the shadow of Haystack Mountain and the very scenic Narrows, a water gap between Haystack Mountain to the south and Wills
Mountain to the north. To the west is Piney Mountain and Frostburg. La Vale is on the Old National Pike - the first major improved highway in the United States built by the federal government,
built between 1811 and 1837 and running 620-miles.
One of the Most Visited Cities Washington Metro Area’s One of 13 Cities in the US
in the U.S. with Over 20 Million Visitors & Gross Product Exceeds $435 Billion, with Teams from All Four Major
Home to Approx 700,000 people 6th Largest Metro Economy in the US Professional Men’s Sports
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.DEMOGRAPHIC REPORT
ACTUAL SITE
population 3 MILES 5 MILES 10 miles households 3 MILES 5 MILES 10 miles
2021 Population 13,440 42,931 72,686 2021 Est. Avg. HH Income $74,682 $62,655 $63,802
Median Age 41.75 42.10 41.85 2021 Est. Households 4,455 16,780 28,521
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.Wertz Real Estate Investment Services
3138 Roosevelt Street, Suite L
Carlsbad, CA 92008
Tel: (619) 218-6427
Fax: (858) 408-1830
www.wertzrealestate.com
Listed with MD broker
David B Zacharia License 660843STATE OF MARYLAND REAL ESTATE COMMISSION
Understanding Whom Real Estate Agents Represent
THIS NOTICE IS NOT A CONTRACT
In this form “seller” includes “landlord”; “buyer” includes “tenant”; and “purchase” or “sale” includes “lease”
Agents Who Represent the Seller
Seller’s Agent: A seller’s agent works for the real estate company that lists and markets the property for the
sellers and exclusively represents the sellers. A seller’s agent may assist the buyer in purchasing the property,
but his or her duty of loyalty is only to the seller.
Subagent: A Subagent means a licensed real estate broker, licensed associate real estate broker, or licensed
real estate salesperson who is not affiliated with or acting as the listing real estate broker for a property, is not
a buyer’s agent, has a brokerage relationship with the seller, and assists a prospective buyer in the acquisition
of real estate for sale in a non-brokerage relationship capacity. The subagent works for a real estate company
different from the company for which the seller’s agent works. The subagent can assist a buyer in purchasing a
property, but his or her duty of loyalty is only to the seller.
If you are viewing a property and you have not signed a Brokerage Agreement, that agent represents
the seller
Agents Who Represent the Buyer
Buyer’s Agent: A buyer may enter into a written contract with a real estate broker which provides that the
broker will represent the buyer in locating a property to buy. The agent from that broker’s company is then
known as the buyer’s agent. The buyer’s agent assists the buyer in evaluating properties and preparing offers
and developing negotiation strategies and works in the best interest of the buyer. The agent’s fee is paid
according to the written agreement between the broker and the buyer. If you as a buyer wish to have an agent
represent you, you must enter into a written brokerage agreement.
Dual Agents
The possibility of dual agency arises when the buyer’s agent and the seller’s agent both work for the same real
estate company, and the buyer is interested in property listed by that company. The real estate broker or the
broker’s designee, is called the “dual agent.” Dual agents do not act exclusively in the interests of either the
seller or buyer, and therefore cannot give undivided loyalty to either party. There may be a conflict of interest
because the interests of the seller and buyer may be different or adverse.
If both seller and buyer agree to dual agency by signing a Consent For Dual Agency form, the “dual agent”
(the broker or the broker’s designee) shall assign one agent to represent the seller (the seller’s “intra-company
agent”) and another agent to represent the buyer (the buyer’s “intra-company agent”). Intra-company agents
are required to provide the same services to their clients that agents provide in transactions not involving dual
agency, including advising their clients as to price and negotiation strategies.
P 1 of 2If either party does not agree to dual agency, the real estate company must withdraw the brokerage
agreement for that particular property with either the buyer or seller, or both. If the seller’s agreement is
terminated, the seller must then either represent him or herself or arrange to be represented by an agent from
another real estate broker/company. If the brokerage agreement is terminated, the buyer may choose to enter
into a written brokerage agreement with a different broker/company. Alternatively, the buyer may choose not
to be represented but simply to receive assistance from the seller’s agent, from another agent in that company,
or from a subagent from another company.
No matter what type of agent you choose to work with, you have the following rights and responsibilities in
selling or buying property:
>Real estate agents are obligated by law to treat all parties to a real estate transaction honestly and fairly.
They must exercise reasonable care and diligence and maintain the confidentiality of clients. They must not
discriminate in the offering of properties; they must promptly present each written offer or counteroffer to
the other party; and they must answer questions truthfully.
>Real estate agents must disclose all material facts that they know or should know relating to a property. An
agent’s duty to maintain confidentiality does not apply to the disclosure of material facts about a property.
>All agreements with real estate brokers and agents must be in writing and explain the duties and obligations
of both the broker and the agent. The agreement must explain how the broker and agent will be paid and any
fee-sharing agreements with other brokers.
>You have the responsibility to protect your own interests. You should carefully read all agreements to
make sure they accurately reflect your understanding. A real estate licensee is qualified to advise you on real
estate matters only. If you need legal or tax advice, it is your responsibility to consult a licensed attorney or
accountant.
Any complaints about a real estate licensee may be filed with the Real Estate Commission at 500 North
Calvert Street, Baltimore, MD 21202. (410) 230-6230.
We, the □ Sellers/Landlord □ Buyers/Tenants acknowledge receipt of a copy of this disclosure
David B Zacharia, MD broker and Wertz Real Estate Services, CA broker (firm name)
and ________________________________________ (salesperson) are working as:
(You may check more than one box but not more than two)
□ seller/landlord’s agent
□ subagent of theSeller
□ buyer’s /tenant’sagent
Signature (Date) Signature (Date)
***************************** *
I certify that on this date I made the required agency disclosure to the individuals identified below and they were unable or
unwilling to acknowledge receipt of a copy of this disclosure statement.
Name of Individual to whom disclosure made Name of Individual to whom disclosure made
______________________________________ 04.22.20
___________________________________________
Agent’s Signature (Date)
Rev. 10/1/2019
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