Investment Highlights
Brand New 10-Year Lease | Franchisee Guaranteed | Scheduled Rental Increases | Strong Rent to Sales Ratio
Signalized, Hard Corner Intersection | Nearby to Interstate 55 | Excellent Visibility & Access | Large Monument Sign
Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Adjacent to a Kroger-Anchored Neighborhood Center | Dense Retail Corridor | Strong National/Credit Tenants
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, franchisee guaranteed, Buffalo Wild Wings investment property located in Ridgeland, Mississippi (Jackson MSA). The tenant, Potters Wings Ridgeland, LLC (dba Buffalo Wild Wings), will sign a brand new 10-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Furthermore, the tenant reports strong sales, recording a single digit rent to sales ratio.
