Dave & Busters

Lowest
Cap Rate

6.00%

Lowest cap rate over past 24 months

Average
Cap Rate

6.75%

12 mo avg with 5+ yr lease term

Overview

Dave & Buster’s locations are large-format retail properties typically ranging from 30,000 to 45,000 square feet, situated on 2.0 to 4.0-acre parcels. Most leases are 15- to 20-year absolute NNN, with 10% rent escalations every 5 years, and are corporately guaranteed by the publicly traded parent entity. Locations are often in lifestyle centers, near regional malls, or as stand-alone anchor tenants in entertainment districts, with high buildout costs and specialized layouts.

Average Property & Lease

Average Sale Price	$8,000,000 - $15,000,000
Average NOI	$500,000 - $1,000,000
Building SF	30,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NASDAQ:PLAY

CREDIT RATING

S&P	B+
Moody's	N/A

TENANT DESCRIPTION

Dave & Buster’s was founded in 1982 in Dallas, Texas, by David Corriveau and James “Buster” Corley, combining a full-service restaurant and bar with an expansive arcade and entertainment area. The brand pioneered the “eatertainment” concept, attracting adults and families looking for food, drinks, and games in a single destination. Since going public in 2014, Dave & Buster’s Entertainment, Inc. has expanded nationwide and also acquired the Main Event brand in 2022 to broaden its entertainment footprint

Founded	1982
Headquarters	Coppell, TX, U.S.
Number of Locations	160
Revenue	$2.2 B
Company Website	https://www.daveandbusters.com
Key Principal	Chris Morris

Dave & Busters

Lowest Cap Rate

6.00%

Average Cap Rate

6.75%

Overview

Average Property & Lease

CREDIT RATING

S&P

B+

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate