A high-volume sports bar brand with many corporate leases, and how to judge the store and the building, from a NNN buyer’s broker with 225+ transactions.
A Buffalo Wild Wings NNN property is a freestanding sports bar and restaurant, usually a large building of 5,000+ square feet, leased on a long-term NNN lease. Unlike most restaurant brands, more than half of Buffalo Wild Wings locations are company-owned (629 of 1,178 at the end of 2025), so corporate-backed leases are relatively common. Franchised stores averaged about $3.57 million in sales. Buffalo Wild Wings is owned by Inspire Brands, the private parent of Arby’s, Dunkin’ and Sonic, which bought it in 2018 and filed confidentially for an IPO in May 2026.
The traditional restaurant count has been flat to slightly down for years: in 2025 the chain closed 16 company stores and opened 11 franchised ones, while its smaller takeout format, BWW GO, is growing. That makes the tenant entity, store sales and the building’s re-use the keys to any Buffalo Wild Wings 1031 exchange. Solid Investments FL has represented a buyer on a corporate Buffalo Wild Wings in Casselberry (Orlando), Florida, and our buyer representation is always free to you.
| Tenant | Buffalo Wild Wings corporate or a franchisee operating company; both are common. Confirm the tenant and every guarantor |
|---|---|
| Parent company | Inspire Brands (private), Atlanta, Georgia; filed confidentially for an IPO in May 2026 |
| Parent credit | Private company; Inspire backs a lease only if it signs or guarantees it. Franchisee credit varies by operator |
| Restaurants | 1,178 in the U.S. at the end of 2025: 629 company-owned, 549 franchised |
| Recent performance | Net 5 fewer restaurants in 2025; no net unit growth since 2018; BWW GO takeout format growing |
| Average sales | About $3.57M per franchised restaurant (2025) |
| Building size | Usually 5,000+ SF, with some much larger |
| Lease type | NNN or absolute NNN; check who handles roof and structure |
| Typical cap rate (2026) | About 5.75%–6.75%, depending on the tenant entity, term and location |
| Typical price range | About $2M–$6M |
Restaurant counts and sales from franchise disclosure data and trade press as of 2026. Cap rates and pricing reflect current market conditions and vary by deal.
Both are common. A lease signed by Buffalo Wild Wings corporate is backed by the brand; a franchisee lease is only as strong as the operator. Read exactly who signs and who guarantees.
On a franchisee lease, confirm how many units actually back the lease. Operators often hold stores in separate subsidiaries.
Ask for store-level sales. Rent at 6%–8% of sales is healthy, below 6% is very strong, and around 10% is close to break-even.
Recent closures have been company-owned stores, so a corporate lease does not guarantee the store stays open. Check sales and remaining term.
A large sports bar building is costly to re-lease. Compare the rent per square foot to nearby restaurant rents and favor sites other casual-dining or retail users would want.
Remaining terms on resale listings vary widely. Check the expiration date, options and rent increases before you price the deal.
We’ve represented a buyer on a corporate Buffalo Wild Wings in Casselberry (Orlando), Florida:
Casual Dining
Solid Investments FL is a Florida NNN buyer's brokerage headquartered in Lakewood Ranch (Sarasota), serving investors across Florida and nationwide, with 225+ NNN transactions, including a corporate Buffalo Wild Wings in Casselberry (Orlando), Florida. We help investors and 1031 exchange buyers find, underwrite and close restaurant properties nationwide, and our buyer representation is free.
As of 2026, Buffalo Wild Wings NNN properties generally trade around 5.75% to 6.75% cap rates. Corporate leases with long remaining terms trade at the lower end, while franchisee leases and short terms trade higher.
Buffalo Wild Wings is owned by Inspire Brands, a private company based in Atlanta that also owns Arby's, Dunkin', Sonic and Jimmy John's. Inspire bought Buffalo Wild Wings in 2018 and filed confidentially for an IPO in May 2026.
Both are common. At the end of 2025, 629 of the 1,178 U.S. restaurants were company-owned and 549 were franchised. Always confirm exactly who signs the lease and who guarantees it.
The traditional restaurant count has been flat to slightly down. In 2025 the chain closed 16 company-owned stores and opened 11 franchised ones, ending the year with 1,178 U.S. restaurants, while its smaller BWW GO takeout format is growing.
Confirm the tenant entity and guarantee, then compare rent to store sales: rent at 6% to 8% of sales is healthy, below 6% is very strong, and around 10% is close to break-even. Also check rent per square foot against the local market, since a large building is costly to re-lease, and review the remaining term and options.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ll help you vet the tenant, the store and the building. Tell us your budget and timeline; our buyer representation is completely free.
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