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Walk-On's Sports Bistreaux

8368 Hwy 72 W, Madison, AL 35758

$8,190,000

Cap Rate 6.65%

Views: 122 Updated: 10.04.24 Posted: 07.30.23 Status: Inactive 10.04.24

Summary

Price $8,190,000
Built/Renov 2023
Tenant Walk-On's Sports Bistreaux
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 6,700
Lease Start 09-01-2023
#Units 17
Price/SF $1,222.39
Expiration 08-31-2038
Tenant Type Casual Dining
NOI $544,709
R. Term 13.9
Ownership Fee Simple
Rent/SF $81.30
Increases 10.0%/5/yrs
Pop 5Mi 111,963
Lot/AC 1.84
Options 4/5yrs/10%
AHHI 5Mi $122,535

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Brand new 2023 construction
  • Walk-On’s Sports Bistreaux recently signed a brand new 15-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Personal guarantee by DBMC Restaurant Group

Location Description

This newly constructed Walk-On’s Sports Bistreaux is strategically located along Highway 72 West with access to 42,900 vehicles per day. The subject property is an outparcel to the newly developed Clift Farm which offers premier shopping, dining and living accommodations. Neighboring national/credit tenants include Target, Walmart Supercenter, Lowe’s Home Improvement, Publix, Chick-fil-A and...

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Key Features

  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Highway location

  • Strong demographics

  • Major MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

    • ...

Links

Walk-On's Sports Bistreaux Wikipedia Madison, Alabama Zip Code 35758 Broker Site Page

Documents

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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 and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,338 53,397 120,687
2023 Total Population : 7,298 51,762 115,660
2023 Employed Civilian Pop : 3,575 25,939 58,516
2023 Total Businesses : 222 936 2,466
2023 Average Household Income : $ 148,451 $ 144,090 $ 133,130
2023 Total Consumer Spending : $ 328 M $ 2333 M $ 5063 M
2023 Median Age : 39 39 38
2023 Total Households : 2,634 19,165 44,610
2023 Pop Age 25+: Bachelor's Degree : 1,674 12,405 26,402
2023 Average Home Value : $ 334,903 $ 360,177 $ 345,697
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 72 Balch Rd 2017 34,360 0.20 mi
Balch Road Gooch Ln 2021 7,431 0.23 mi
Balch Road Amsterdam Pl 2020 7,431 0.23 mi
Balch Rd Carter St 2019 8,000 0.29 mi
Balch Road Hwy 72 2019 7,523 0.29 mi
Gooch Ln Donsmere Pl 2016 2,798 0.47 mi
Gooch Lane Eastfield Dr 2021 4,136 0.66 mi
Wall Triana Hwy Chestnut Dr 2016 13,517 0.80 mi
US Hwy 72 Kirby Ln 2017 33,130 0.84 mi
Wall Triana Highway Hwy 72 2019 16,825 0.86 mi

Listing Broker

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