81 Wilson AveHanover, PA 17331

For Sale
$2,247,000

High-yield restaurant investment. Strong tenant, great location.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Investment-grade tenant: Buffalo Wild Wings subsidiary, Blazin Wings, Inc., operates the property.
  • 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.

Property Details for 81 Wilson Ave

Property type
Other retail properties, Restaurants
Square Feet
5,000 SF
Year Built
2012
Buildings
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Hanover
County
York
State
Pennsylvania
Latitude
39.829175510867
Longitude
-76.996124395393
81 Wilson Ave, Hanover, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
81 Wilson Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message