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Views: 19 DOM: 90 Updated: 04.12.24 Posted: 02.17.24 Status: Active

Summary

Price $6,900,000
Built/Renov 2023
Tenant Walk-On's Sports Bistreaux
Cap Rate 6.99%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,500
Lease Start 02-06-2023
#Units 75
Price/SF $920.00
Expiration 02-05-2038
Tenant Type Casual Dining
NOI $482,625
R. Term 13.8
Ownership Fee Simple
Rent/SF $64.35
Increases 10.0%/4/yrs
Pop 5Mi 71,420
Lot/AC 1.80
Options 3/5yrs/10%
AHHI 5Mi $79,180

Lease Highlights

  • Brand-new 2023 construction
  • Walk-On's Sports Bistreaux has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations every 5 years throughout they initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Walk-On's Sports Bistreaux is strategically located on Capps Way, with access to 39,700 vehicles passing by daily. The property is part of a larger development that hosts renowned establishments like AMC, Guthrie’s, Freddy’s, La Quinta, Home2 Suites, Wild Wing, and Holiday Inn Express. Additionally, it is conveniently located across the street from “The Landings” development, featuring...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walk-On’s Sports Bistreaux is a full-service family sports restaurant and bar. Walk-On's Sports Bistreaux features a Louisiana-inspired menu, including waffle cheese fries, fried alligator,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,422 27,730 75,450
2023 Total Population : 1,319 25,588 71,446
2023 Employed Civilian Pop : 536 11,159 32,954
2023 Total Businesses : 195 1,704 2,942
2023 Average Household Income : $ 87,461 $ 73,846 $ 79,256
2023 Total Consumer Spending : $ 40 M $ 672 M $ 2068 M
2023 Median Age : 38 36 33
2023 Total Households : 537 10,434 29,904
2023 Pop Age 25+: Bachelor's Degree : 211 3,781 11,014
2023 Average Home Value : $ 325,449 $ 258,368 $ 298,990
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
I- 85 2021 4,700 0.19 mi
Gateway Drive Capps Dr 2020 9,351 0.22 mi
Gateway Drive Wyndham Industrial Dr 2021 9,351 0.22 mi
US 280 I- 85 2021 7,673 0.25 mi
Gateway Dr 2014 7,260 0.31 mi
Interstate Dr 2021 3,904 0.33 mi
Interstate Drive Enterprise Dr 2021 7,786 0.34 mi
US 280 I- 85 2021 8,376 0.36 mi
Gateway Drive Tiger Town Pky 2014 29,740 0.40 mi
Gateway Drive Gateway Dr 2021 29,167 0.55 mi

Listing Broker

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