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This exceptional investment opportunity presents a fee-simple ownership of a 5,000 square foot Buffalo Wild Wings restaurant located at 81 Wilson Ave, Hanover, PA 17331. The property, built in 2012 on a 1.5-acre lot, benefits from a highly visible location as an outparcel to the Gateway Hanover Shopping Center, anchored by major retailers including Target, Sam's Club, Dick's Sporting Goods, Hobby Lobby, PetSmart, Ross, and Old Navy. The current tenant, Blazin Wings, Inc., a subsidiary of Buffalo Wild Wings, Inc., operates under a 15-year lease (originally commencing February 24, 2013) with approximately 3.3 years remaining on the primary term. The lease includes three, five-year renewal options, each with a 10% rent increase. The lease is a Net-Net (NN) structure, with landlord responsibilities limited to roof and structure maintenance. The property boasts a strong 7.00% cap rate and a current Net Operating Income (NOI) of $157,300, making it an attractive addition to any portfolio. The property is situated in a thriving retail corridor within York County, a growing area with continued development surrounding the shopping center. This is a passive investment opportunity with a strong corporate tenant and a proven track record of success. The asking price is $2,247,000.
Excellent location: Outparcel to Gateway Hanover Shopping Center, Hanover, PA's largest power center, anchored by Target, Sam's Club, and other national retailers.
Strong lease terms: NN lease with approximately 3.5 years remaining on the primary term, plus three 5-year options with 10% rent increases. Landlord responsible for roof and structure only.
High-growth area: Located in a developing retail corridor with ongoing expansion and new construction.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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