loader
Join Free
Views: 192 Updated: 08.31.24 Posted: 02.17.24 Status: Inactive 09.27.24

Summary

Price $6,657,000
Built/Renov 2023
Tenant Walk-On's Sports Bistreaux
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 7,500
Lease Start 02-06-2023
#Units 75
Price/SF $887.60
Expiration 02-05-2038
Tenant Type Casual Dining
NOI $482,625
R. Term 13.2
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...

...

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,...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity