Buffalo Wild Wings
About half of Buffalo Wild Wings sports bars are company-operated, so many leases have Inspire-level corporate credit, but the full-service system is shrinking as growth shifts to small BWW GO takeout units. Large boxes and high rents make store-level sales coverage important.
- US units
- 1,178
- FY2025
- 3Y net growth
- −5.2%
- vs. FY2022
- Credit rating
- NR
- Sub-investment grade
- Typical term
- 10–15 yr
- NNN (corporate or franchisee)
- Model
- Mixed
- Subsidiary of Inspire Brands
Unit count
Buffalo Wild Wings in the news
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Buffalo Wild Wings net lease FAQ
What is Buffalo Wild Wings's credit rating?
Buffalo Wild Wings is rated NR (Inspire; securitized debt only), which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Buffalo Wild Wings locations are there in the US?
Buffalo Wild Wings reported about 1,178 US locations as of FY2025. That is −5.2% versus 1,242 in FY2022.
What does a typical Buffalo Wild Wings net lease look like?
Lease type: NNN (corporate or franchisee). Initial term: 10–15 yr. Rent increases: 10% every 5 yrs. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Buffalo Wild Wings corporate or franchised?
Operating model: Mixed (~53% company-operated). Buffalo Wild Wings is part of Inspire Brands. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.