Walk-On's Sports Bistreaux

908 N Canal Blvd, Thibodaux, LA 70301

$7,360,000

Cap Rate 6.66%

Views: 89 Updated: 10.04.24 Posted: 07.30.23 Status: Inactive 10.04.24

Summary

Price $7,360,000	Built/Renov 2023	Tenant Walk-On's Sports Bistreaux
Cap Rate 6.66%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 6,700	Lease Start 09-01-2023	#Units 17
Price/SF $1,098.51	Expiration 08-31-2038	Tenant Type Casual Dining
NOI $489,834	R. Term 13.9	Ownership Fee Simple
Rent/SF $73.11	Increases 10.0%/5/yrs	Pop 5Mi 39,534
Lot/AC 1.88	Options 4/5yrs/10%	AHHI 5Mi $76,995

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 North Canal Boulevard seeing over 24,700 vehicles per day. The site benefits from its location along a dense retail corridor with neighboring residential areas further increasing consumer draw to the area. Nearby national/credit tenants include Lowe’s, Walmart, McDonalds, Starbucks, Walgreen and many more....

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Key Features

Links

Walk-On's Sports Bistreaux Wikipedia Thibodaux, Louisiana Zip Code 70301 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walk-On's Sports Bistreaux
Guarantor:Franchisee
Company:DBMC Restaurant Group
# Units:17
Stock:Private

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 :	971	19,888	39,856
2023 Total Population :	993	19,886	39,723
2023 Employed Civilian Pop :	597	8,918	18,022
2023 Total Businesses :	29	1,092	1,532
2023 Average Household Income :	$ 139,306	$ 90,957	$ 85,486
2023 Total Consumer Spending :	$ 45 M	$ 604 M	$ 1155 M
2023 Median Age :	44	37	37
2023 Total Households :	380	7,604	15,442
2023 Pop Age 25+: Bachelor's Degree :	274	2,719	5,519
2023 Average Home Value :	$ 331,953	$ 248,951	$ 234,813

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Canal Blvd	Glenwild Dr	2009	13,872	0.52 mi
LA 20	Westover	2021	20,091	0.88 mi
LA 3286	Cameco Rd	2021	4,238	1.54 mi
N Canal Blvd	Bayou Rd	2003	26,025	1.58 mi
Canal Boulevard	Hwy 1	2018	18,394	1.66 mi
Canal Blvd	W 2nd St	2009	22,949	1.67 mi
E Bayou Rd	Davis Dr	2009	16,245	1.70 mi
W 1st St	Maronge St	2009	7,059	1.74 mi
LA 20;LA 308	St Patrick Brg	2021	7,822	1.75 mi
Canal Blvd	W 2nd St	2003	9,241	1.76 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
21607 Views
57 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
23201 Views
61 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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