Investment Highlights
Corporate NNN Ground Lease - Limited LL Responsibility
High Traffic Location - 47,000+ ADT
Home of Cal State University - San Marcos (CSUSM)
Adjacent to Planned 202 Unit Mixed-Use Dev by Lennar
Strong Demographics - Avg HH Income $117k+ (3 Mi)
Large .92 Acre Parcel
Executive Summary
REvolve Growth Partners has been exclusively retained to offer for sale Buffalo Wild Wings in San Marcos, CA. Located on the highly traveled San Marcos Blvd (47,000+ ADT and major east/west arterial road from San Marcos to Carlsbad), BWW sits at the forefront of Lennar?s new 202-unit mixed use development. Breaking ground soon, this neighboring development will draw additional traffic to an already busy area through the inclusion of complementary outdoor dining, and a walkable community with expansive public spaces to gather.BWW is situated in one of North San Diego County?s most rapidly growing cities, with a young and affluent population (AHHI $117,000+ 3 Mi). The property is close to Highway 78 and the 16,000+ students attending the growing California State University San Marcos.BWW has been a tenant at this location since its construction in 2016. Tenant executed an original 10 year NNN, Corporate Guaranteed ground lease with 4 - 5 year options. investors benefit from a 10% increase in rent every five years (next increase at 2/26 option). The below market lease provides simultaneously provides for a hedge against the shorter lease term remaining, as well as the opportunity for long term appreciation. In 2022, sales for the store were in excess of $3.5M!
