Buffalo Wild Wings Tenant Overview

Tenant Description

Buffalo Wild Wings is a casual sports restaurant focused on serving wings and beer.

Buffalo Wild Wings makes an attractive net lease investment for a couple reasons. One reason is that Buffalo Wild Wings is a well known brand nationally that has a well-earned reputation amongst its niche community of sports fans. Buffalo Wild Wings leases are a mixture of both NNN and Ground Lease deals, which takes the financial burden of any maintenance off of the owner. The restaurants have a similar design to other casual chains, so in the event Buffalo Wild Wings does not renew their lease, and will be an attractive site for other restaurant tenants and can be back-filled quickly.

In 1982, Jim Disbrow and Scott Lowery set out to establish a restaurant where patrons could dine on Buffalo style chicken wings. Eventually Mark Lutz was brought on as a third partner and they shared responsibilities of running the restaurant. In 1992, Buffalo Wild Wings began to franchise locations. By October of 1999, Buffalo Wild Wings had opened their 100th location, 23 corporately owned and 77 franchisee owned. Later that year, Buffalo Wild Wings sold a majority stake, worth $8.5M, to three venture capital firms in an effort to raise capital for further expansion.
Buffalo Wild Wings is the largest sports bar brand in the United States. Globally, Buffalo Wild Wings has more than 1,200 restaurants in 10 countries.