buffalo wild wings Representative Photo 15 Year Absolute Net Buffalo Wild Wings 1901 Main Street SW Los Lunas, NM 87031 For more info on this opportunity please contact: JOHN ANDREINI jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 BOB SANNER bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 CHRIS KOSTANECKI ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate (505) 259-6223 Sean@McMullanRealEstate.com
15 YEAR ABSOLUTE NET LEASE TO BUFFALO WILD WINGS IN THE ALBUQUERQUE MSA Buffalo Wild Wings is one of the hottest restaurant brands in the country. As of November 24th, 2014, they reached another 52-week high of $168.00 on the NASDAQ, after reporting revenues of $373M for the quarter, representing an 18% increase over the same quarter last year. Investment Highlights PRICE: $3,360,000 CAP: 6.25% RENTABLE SF... 6,383 SF PRICE PER SF... $526.40 LAND AREA... 1.39 Acres LEASE TYPE...... NNN YEAR BUILT... 2015 HIGHLIGHTS Sandwiched between major trade area retailers including: The Home Depot, Lowe s Home Improvement, Walmart Supercenter, Walgreens, and a Walmart distribution hub Average household incomes of $71,000 in a 1 mile radius Large lot with over 100 parking spaces CONCEPT: BUFFALO WILD WINGS Over $1.25 billion in revenues in 2013 Net income of approximately 20% over 2012 Over 1,000 locations OPERATOR: FOOD MANAGEMENT SYSTEMS (SEE PAGE 5 FOR DETAILS ON GUARANTOR) Operator of over 125 restaurants spanning multiple concepts with an executive team that has 20-30 years of restaurant experience Franchisee of the year 3 times LEASE 15 year lease Zero landlord responsibilities Rental increases of 7.5% every 5 years and in option periods Representative Photo BUFFALO WILD WINGS 2
Surrounding Retail Photos Income & Expense PRICE $3,360,000 Price Per Square Foot: $526.40 Capitalization Rate: 6.25% Total Rentable Area (SF): 6,383 Lot Size (Acres): 1.39 Year Built: 2014 STABILIZED INCOME Per Square Foot Scheduled Rent $32.90 $210,000 Effective Gross Income $32.90 $210,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $210,000 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. BUFFALO WILD WINGS 3
Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Buffalo Wild Wings 6,383 1 5 $210,000 $17,500 $210,000 $2.74 $32.90 6 10 $18,813 $225,750 $2.95 $35.37 11 15 $20,223 $242,681 $3.17 $38.02 Option 1 16 20 $22,246 $266,950 $3.49 $41.82 Option 2 21 25 $23,914 $286,970 $3.75 $44.96 Current Totals: 6,383 $210,000 $17,500 $210,000 $2.74 $32.90 *Rent is scheduled to commence on March 15, 2015 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Surrounding Retail BUFFALO WILD WINGS 4
Tenant BRAND BUFFALO WILD WINGS 1,000+ RESTAURANTS Buffalo Wild Wings is a casual dining restaurant and bar that is best known as a great place to gather with friends, watch sports, and eat chicken wings. The company opened their first restaurant in 1982 in Columbus, OH, and has since grown to over 1,000 restaurants in almost every U.S. state. They are headquartered in Minneapolis, Minnesota, and both franchise and directly own their restaurants. For the fiscal year 2013, the company reported revenues of more than $1.25 billion, as well as net income growth of approximately 20%. OPERATOR/ FRANCHISEE FOOD MANAGEMENT PARTNERS FRANCHISEE/ GUARANTOR ALAMO WINGS The operator of the store, Food Management Partners is a multi-concept operator of both franchised and independent brands with over 125 currently operating restaurants. It was co-founded in 1999 by three industry veterans with 20-30 years of experience and is based in San Antonio, Texas. FMP was a founding franchisee of Smashburger, and one of the largest Buffalo Wild Wings & Little Caesar s franchisees. They currently operate over 35 Buffalo Wild Wings restaurants in three states, and was franchisee of the year 3 times. They recently acquired 34 Don Pablo s restaurants in 14 states in January 2014. There are two unconditional guarantors of the lease, Alamowing NM Partners II, LLC and Alamowing Los Lunas, LLC. Representative Photo BUFFALO WILD WINGS 5
RETAIL LOCATION This location benefits from its nearby residential density of more than 30,000 people within a 5 mile radius and proximity to the neighboring retail giants such as Lowe s, The Home Depot, Starbucks, Walgreens, and Walmart. 25 314 DISTRIBUTION CENTER 47 85 reet NE Los Lunas High School ILY Katherine Gallegos Elementary 1 DA 26,28 Mai n St 6 Ma Str ee Raymond Gabaldon Elementary ts Los Lunas Elementary W ILY in 29,0 4 6 DA Los Lunas Middle School Main RIVER POINTE Stree t SE 6 263 rro Loop N El Ca 25 263 Dainiel Fernandez Elementary 85 314 47 BUFFALO WILD WINGS 6
Site Plan SITE PLAN KEY 6 NEW MEXICO STATE HIGHWAY PARCEL OUTLINE: LAND AREA: 1.39 ACRES BUILDING AREA: 6,383 SF NAP NAP Site Plan Not To Scale BUFFALO WILD WINGS 7
Regional Map Albuquerque MSA Location Santa Fe TRAFFIC COUNTS IN EXCESS OF 26,000 VPD ON MAIN STREET 1 Hour & 22 Minutes 85 Miles BUFFALO WILD WINGS Albuquerque 29 Minutes 26 Miles Surrounding Retail Los Lunas BUFFALO WILD WINGS 8
Albuquerque, NM Location & Demos LOS LUNAS, NM OVERVIEW Los Lunas is the county seat of Valencia County, and part of the Albuquerque MSA, which has a population of 887,077. Since 1960, Los Lunas is the fastest growing city in New Mexico. The city is strategically positioned on Interstate 25, the major north/south freeway artery in New Mexico. Home to the Rail Runner, the commuter rail system, Los Lunas provides easy access to Albuquerque and Santa Fe, the capital of New Mexico. The community is comprised of 994 businesses with annual retail sales of $381 million. The largest employers, ranging from the Kirtland Air Force Base to the Presbyterian Hospital employ over 80,000 people. Los Lunas is also located near major universities and community colleges. UNM Valencia has 1,901 students while the UNM main campus in Albuquerque has 29,056 students. New Mexico Tech has 1,921 students. Central New Mexico, also located in Albuquerque, has 2,698 students. Valencia County is also home to Los Lunas HS, Valencia HS, Belen HS, and the School of Dreams academy. In recent news, the Los Lunas Starbucks was ranked the #1 highest grossing store in the district, producing 6,000 transactions per week. Additionally, as of September 2014, IHOP has opened in Los Lunas and is expected to provide the community with more jobs and retail dollars. POPULATION 1-Mile 3-Mile 5-Mile 2010 5,428 17,417 33,503 2013 5,515 18,168 34,638 2018 5,744 18,887 35,840 2013 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $71,358 $64,815 $66,012 TOP EMPLOYERS IN LOS LUNAS Employer # of Employees* Kirtland Air Force Base 35,690 Alburquerque Public Schools 14,480 University of New Mexico 14,300 Sandia National Laboratories 8,400 Presbyterian Hospital 7,369 *Approximate BUFFALO WILD WINGS 9
A unique HUMAN RESULTS-DRIVEN client experience [ www.capitalpacific.com ] THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS For more info on this opportunity please contact: JOHN ANDREINI jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 BOB SANNER bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 Representative Photo Representative Photos RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 CHRIS KOSTANECKI ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate (505) 259-6223 Sean@McMullanRealEstate.com