loader
Join Free
Views: 84 DOM: 417 Updated: 07.16.24 Posted: 07.30.23 Status: Active

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 13.11
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....

...

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...


...

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

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