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DOM: 451 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 11.9
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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Maps

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  • 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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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

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Aron Cline

Berkeley Capital Advisors

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  • 177 Listings
  • 49797 Views
  • 59 Sold
Calvin Short

Berkeley Capital Advisors

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  • 187 Listings
  • 51920 Views
  • 61 Sold

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 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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