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Views: 99 DOM: 72 Updated: 11.22.24 Posted: 09.12.24 Status: Active

Summary

Price $6,285,715
Built/Renov 2023
Tenant Walk-On's Sports Bistreaux
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 7,760
Lease Start 12-01-2024
#Units 1
Price/SF $810.01
Expiration 11-30-2039
Tenant Type Casual Dining
NOI $440,000
R. Term 15.0
Ownership Fee Simple
Rent/SF $56.70
Increases 10.0%/5/yrs
Pop 5Mi 80,607
Lot/AC 1.29
Options 4/5yrs/10%
AHHI 5Mi $87,756

Lease Highlights

  • New 2023 construction
  • Brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee

Location Description

Walk-On's Sports Bistreaux is strategically located on Main Street, with access to 27,020 vehicles passing by daily. The property is part of the Hamilton Marketplace Development, which includes a Shell gas station convenience store, the Trussville Board of Education, and the Grandview Medical Center Emergency Department. It is situated less than 1.5 miles from The Pinnacle, a major lifestyle...

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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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Listing Broker

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