Fuze

[Colbafone]

Its a 100% legitimate NEWS story. Fraud, money, poor worker pay, illegal workers, it's all relevant to 2017 happenings. The everyday Oklahoman cares deeply about not only these things, but maybe more importantly, buffets. And you broke this news.

This isn't like a normal, "Such and such will be coming to the corner of X and Y and 23,000 sq. ft. Yes, we on this site care about that, but the average Oklahoman, maybe not as much. But you break a story about illegal activities and money issues, ESPECIALLY about a buffet, you'll have significant activity.

[chuck5815]

This is a pretty fun listing:

https://realnex.com/listings/1153291...buffet-and-bar

Property Description
Fuze Bar & Grill is a privately-owned, Asian and American style restaurant offering a laid-back, modern setting with a sleek bar. Fuze has a brand-new, 15 year Absolute NNN lease with 3% rental escalations every 5 years. *In Association With: The Fuller Agency, Inc.

Area Description
The subject property is located in Oklahoma City, Oklahoma on the main retail corridor with nearby retailers: Dick’s Sporting Goods, Petco, Home Depot, Toys R Us, Hobby Lobby, Dollar Tree, Target, Marshalls, Best Buy and Gordmans. Fuze is on Pennsylvania Avenue with traffic counts exceeding 23,755 CPD! As of 2016, the total population in the 5 mile ring is 163,938 with an average household income of $86,231 in the 3 mile ring. From 2010 to 2016, Oklahoma City has seen a population growth of 17% (1 mile ring)!

Highlights

• Brand New 15 Year Absolute NNN Lease with 3% Bumps every 5 Years
• TENANT: Fuze Bar & Grill is a Privately-Owned, Asian/American Restaurant Offering a Laid-Back/Modern Setting that Produced Annual Sales > $6M!
• GUARANTOR: Estimated Net Worth of $8MM in 2016
• UNIT SALES: Rent-to-Sales Ratio is Below 10% and Growing!
• Located on the Main Retail Corridor with National Retailers Nearby: Dick’s Sporting Goods, Petco, Home Depot, Toys R Us, Hobby Lobby, Dollar Tree, Target, Marshalls, Best Buy and Gordmans
• Demographics: 17% Population Growth in the 1 Mile Ring in 2010-2016!
• Traffic Counts on Pennsylvania Avenue: 23,755 CPD!

Tenants

• Fuze Bar & Grill

[Pete]

^

Yes, the Special Administrator had hired the Fuller Agency to list the property on what would have been a buy / lease-back.

In that arrangement, the purchaser would have kept Fuze as a tenant and had them pay rent, while the Fuze ownership would get the proceeds from the sale.

Clearly the numbers shown in the listing are pretty suspect, as would be keeping Fuze as your sole tenant.

Quite sure this is not going to happen now and the properties will be sold out-right to new owners.

[Pete]

Its a 100% legitimate NEWS story. Fraud, money, poor worker pay, illegal workers, it's all relevant to 2017 happenings. The everyday Oklahoman cares deeply about not only these things, but maybe more importantly, buffets. And you broke this news.

This isn't like a normal, "Such and such will be coming to the corner of X and Y and 23,000 sq. ft. Yes, we on this site care about that, but the average Oklahoman, maybe not as much. But you break a story about illegal activities and money issues, ESPECIALLY about a buffet, you'll have significant activity.

Right and I knew people would be interested but so hard to predict what will get traction and what won't.

And very interestingly, I posted the same story on Twitter and almost no one liked or re-tweeted.

There have been other stories I thought would take off and haven't. Very hard to predict.

[jn1780]

Right and I knew people would be interested but so hard to predict what will get traction and what won't.

And very interestingly, I posted the same story on Twitter and almost no one liked or re-tweeted.

There have been other stories I thought would take off and haven't. Very hard to predict.

That probably says a lot about Facebook's demographics these days.

[soonermike81]

That probably says a lot about Facebook's demographics these days.

I don't think it says anything about their demographics. FB has become such a monster, their demographics are pretty much everybody.

[Colbafone]

I don't think it says anything about their demographics. FB has become such a monster, their demographics are pretty much everybody.

In that case, sure says a lot about the typical Oklahoman.

[soonermike81]

In that case, sure says a lot about the typical Oklahoman.

I'm still uncertain what this says about the typical Oklahoman.

[chuck5815]

I love how the Daily Oklahoman is acting like this story doesn't even exist.

[Dafonso7]

Very Shock about that happen! Last years and few months ago we went there second time. That's sadness!

[rte66man]

Drove by the NW Expressway location last night and saw a sign that said "Feast - Coming Soon". Could have misread the name.

[ChaseDweller]

Yes, the NW Hiway location was sold at sheriff's sale and is expected to reopen right after the first of the year. Not clear whether any of the former owners are involved. The purchaser at the sheriff's sale was an unrelated party.

[Pete]

[stile99]

So basically the same concept, it looks like. Seems Fuze was doing well before the criminal (literally) mismanagement caught up to them, so I imagine this will probably be as popular.

[HOT ROD]

yes it was, my wife (from China) LOVED fuse as many of the Chinese offerings were very very authentic. ...

Can't wait to try the 'new' version in our visit to the city next year.

[jccouger]

Yeah I hope its basically just a FUZE copy.

[Pete]

The location on NW 142nd is for sale for $3.4 million.

[vcat]

So glad to see this open again!

[Pete]

Not open quite yet.

[rte66man]

Not open quite yet.

When we drove by last week, a sign said "Now Open". Too early I suppose?

[Pete]

When we drove by last week, a sign said "Now Open". Too early I suppose?

Really?

I guess I'm wrong. I'll go by there soon.

[Zorba]

yes it was, my wife (from China) LOVED fuse as many of the Chinese offerings were very very authentic. ...

Can't wait to try the 'new' version in our visit to the city next year.

Their Chinese food was the best I've had in town. I loved going their for Chinese, unfortunately I ended up eat too much other stuff too.

[Joe Kimball]

yes it was, my wife (from China) LOVED fuse as many of the Chinese offerings were very very authentic. ...

Can't wait to try the 'new' version in our visit to the city next year.

That's good to hear. I know I enjoyed their pig's feet, which were in a sauce I know as a "Chinese barbeque" type dressing that you usually see on spare ribs. Loved the flavor and texture. And everything else, save maybe the steak, was on point. As mentioned, it was a disaster when I eat there, because I would sample three-quarters of the buffet and have maybe seven pieces of cake with gelato after that.

[rte66man]

Really?

I guess I'm wrong. I'll go by there soon.

Drove by Thursday night. Sign said "OPEN" and the lot was full.

[plex]

Drove by Thursday night. Sign said "OPEN" and the lot was full.

Correct, based on Google Review, they seems quietly opened last week and most reviews said it is nearly identical with Fuze.