Buffalo Wild Wings 4594 Tropea Way 5,400 SF Retail Building Jacksonville, FL 32246 $4,222,658 CAD ($781.97 CAD/SF) 5% Cap Rate

Buffalo Wild Wings is an American casual dining restaurant and sports bar franchise specializing in chicken wings. As of March 2025, there are over 1,300 locations across all 50 U.S. states and several other countries. The chain is best known for Buffalo-style chicken wings along with a number of sauces, as well as other chicken products such as tenders and legs, and side dishes, appetizers, and desserts While chicken wings are the star, Buffalo Wild Wings offers a wide selection of other bar food classics. The restaurants feature a casual, open layout designed to feel like a sports stadium, with bar and patio seating surrounded by many TVs and media screens. St. Johns Town Center is an outdoor lifestyle shopping, dining, and entertainment destination in Jacksonville, Florida's Southside neighborhood, offering a wide array of retailers, from high-end brands like Louis Vuitton and Tiffany & Co. to popular choices like Apple and Target. It features over 175 stores and restaurants, a pedestrian-friendly layout with landscaped walkways, and various amenities like a dog park and a turtle pond. Open since 2005, it has become the most visited attraction in Jacksonville, attracting shoppers from across the region and serving as a premier destination for both residents and visitors. St. Johns Town Center is a significant driver of tourism, attracting nearly two million visitors in 2024, making it the most visited attraction in the city. Relax under the Florida sunshine at the Park Green’s turtle pond or dog park. Conveniently located in Jacksonville’s Southside neighborhood, St. Johns Town Center is easily accessible to I-95, I-295 and J. Turner Butler Boulevard and between Downtown and the beaches serving Jacksonville, St. Augustine, Amelia Island and South Georgia.
Investment Highlights - Corporate Guarantee The lease is secured by Buffalo Wild Wings, Inc. (NASDAQ: BWLD), an internationally acclaimed casual dining and sports bar chain which reported annual revenues of $2.31 billion, a net income of $129 million as of December 2024. Long-Term Lease with Primary Term Rental Increases-
Absolute NNN Ground Lease- The investment is extremely passive with zero landlord responsibilities. Income Tax-Free State- Florida is one of the rare states that has no state income, estate, or inheritance taxes. Adjacent to Jacksonville’s Trophy Retail Center-The Property is located directly across from St. Johns Town Center in an extremely dense and premier retail area that has grown to become the regional epicenter for Northeast Florida and South Georgia shopping. The Town Center is an upscale 200-acre open air lifestyle center which boasts over 175 prominent retail tenants such as Publix, Nordstrom, Target, Louis Vuitton, Apple and Microsoft. Other major tenants in the area include Topgolf, iFLY, Costco Wholesale, and IKEA. Excellent Demographics- Nearly 179,000 residents are within five (5) miles of the Property, and the three (3) mile average household income is over $76,000. Construction- The building was designed and constructed by the tenant in 2017.
Lease Abstract
Tenant Blazin Wings, Inc.
Guarantor Buffalo Wild Wings, Inc.
Trade Name Buffalo Wild Wings
Property Address 4594 Tropea Way Jacksonville, FL 32246
Ownership Type Ground Lease
Building Size 5,400
Land Size 1.89
Year Built 2017
Term Expiration January 31, 2038
Term Remaining 12.4 years
Current Annual Rent $151,250
Rent Increases 10% every five (5) years starting 2-1-2033
Renewal Options Four (4) five (5) year
Lease Type NNN
Landlord Responsibilities None
Rent Schedule
Term Years Rent PSF Annual Rent Rent Increase
Base Present - 1-31-2033 $28.01 $151,250 -
Option 1 2-1-2033 - 1-31-2038 $30.81 $166,375 10%
Option 2 2-1-2038 - 1-31-2043 $33.89 $183,012 10%
Option 3 2-1-2043 - 1-31-2048 $37.28 $201,313 10%
Option 4 2-1-2048 - 1-31-2053 $41.01 $221,445 10%
The information contained herein was obtained from sources believed reliable, however, Carlino Commercial Group, Inc. makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.