Walk-On's Sports Bistreaux

955 South Amity Road, Conway, AR 72032

$6,769,000

Cap Rate 6.65%

Views: 75 DOM: 217 Updated: 07.04.24 Posted: 02.15.24 Status: Active

Summary

Price $6,769,000	Built/Renov 2020	Tenant Walk-On's Sports Bistreaux
Cap Rate 6.65%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 8,400	Lease Start 02-28-2037	#Units 10
Price/SF $805.83	Expiration 02-28-2037	Tenant Type Casual Dining
NOI $450,121	R. Term 12.5	Ownership Fee Simple
Rent/SF $53.59	Increases 2.0%/1/yrs	Pop 5Mi 67,341
Lot/AC 1.90	Options 7/5yrs/2%	AHHI 5Mi $74,290

Lease Highlights

Walk-On’s Sports Bistreaux has 13 years remaining on the current lease term with 2 (2-year) and 5 (5-year) options to extend
The lease features 2% annual rental increases throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Walk-On's Sports Bistreaux is strategically located on South Amity Road, with access to 39,000 vehicles passing by daily. The property enjoys a prime location with frontage and outstanding visibility at a bustling 4-way intersection, directly across from Lewis Crossing Shopping Center, housing well-known national tenants. Additionally, the property provides direct access to I-40 (68,000 VPD),...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Strategically located
Freeway visibility
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Annual rent increases
Personal guarantee

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Links

Walk-On's Sports Bistreaux Wikipedia Conway, Arkansas Zip Code 72032 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walk-On's Sports Bistreaux
Guarantor:Franchisee
Company:McJunkins RF-Conway, LLC
# Units:10
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,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	988	33,302	69,008
2023 Total Population :	957	32,342	67,341
2023 Employed Civilian Pop :	530	14,905	32,546
2023 Total Businesses :	254	1,764	2,669
2023 Average Household Income :	$ 78,312	$ 60,950	$ 74,290
2023 Total Consumer Spending :	$ 24 M	$ 647 M	$ 1716 M
2023 Median Age :	32	29	32
2023 Total Households :	350	12,097	26,503
2023 Pop Age 25+: Bachelor's Degree :	156	4,062	9,656
2023 Average Home Value :	$ 231,068	$ 207,916	$ 241,037

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Industrial Blvd	Amity Rd	2010	14,790	0.06 mi
S Amity Rd	Amity Rd	2014	4,500	0.10 mi
Industrial Blvd	Amity Rd	2010	24,300	0.11 mi
Industrial Blvd	Amity Rd	2017	7,500	0.13 mi
40	Amity Rd	2021	4,100	0.13 mi
US 65B	S Amity Rd	2021	6,000	0.14 mi
Amity Rd	Industrial Blvd	2010	6,380	0.18 mi
40	Amity Rd	2021	3,100	0.23 mi
40	I- 40	2021	3,400	0.27 mi
Amity Rd	Industrial Blvd	2014	2,500	0.28 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

172 Listings
19446 Views
20 Sold

Calvin Short

Berkeley Capital Advisors

Contact

179 Listings
20100 Views
22 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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