Walk-On's Sports Bistreaux

5533 Vanlerberghe Lane, Trussville, Alabama 35173

$6,429,000

Cap Rate 7.00%

Views: 115 DOM: 394 Updated: 09.11.24 Posted: 10.18.23 Status: Active

Summary

Price $6,429,000	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 $828.48	Expiration 11-30-2039	Tenant Type Casual Dining
NOI $450,000	R. Term 15.0	Ownership Fee Simple
Rent/SF $54.12	Increases 10.0%/5/yrs	Pop 5Mi 80,901
Lot/AC 1.29	Options 4/5yrs/10%	AHHI 5Mi $86,193

Calvin Short

Berkeley Capital Advisors

Contact

Lease Highlights

State-of-the-art 2023 construction and one of Walk-On’s newest prototype designs which includes roll up windows to allow for an indoor/outdoor dining experience
Tenant to sign a new 15-year lease with 4 (5-year) options to extend upon close of escrow
The lease features 10% rental increases every 5 years in both the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Full-term, personal guarantees from the principal operators | Speak with Agent for details

Location Description

Walk-On's Sports Bistreaux is situated on Vanlerberghe Lane, which has a daily traffic count of 27,000 vehicles. The subject property is conveniently located near various new developments that are within walking distance. These include Orangetheory Fitness, Chicken Salad Chick, Tropical Smoothie Café, CSM Champion Sports Medicine, Club4Fitness, among others. Additionally, it is less...

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Key Features

New construction
Strategically located
Highway location
Top 100 MSA
Affluent suburb location
New development zone
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Walk-On's Sports Bistreaux Wikipedia Trussville, Alabama Zip Code 35173 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walk-On's Sports Bistreaux
Guarantor:Franchisee
Company:Franchisee
# Units:1
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 :	4,387	30,989	80,443
2023 Total Population :	4,481	31,267	80,901
2023 Employed Civilian Pop :	2,325	16,002	40,011
2023 Total Businesses :	281	1,227	2,429
2023 Average Household Income :	$ 107,391	$ 100,633	$ 86,193
2023 Total Consumer Spending :	$ 157 M	$ 1007 M	$ 2253 M
2023 Median Age :	43	41	39
2023 Total Households :	1,723	11,737	30,430
2023 Pop Age 25+: Bachelor's Degree :	1,035	5,418	10,116
2023 Average Home Value :	$ 340,247	$ 274,781	$ 242,276

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main Street	Highland Cir	2021	24,901	0.11 mi
Highland Ave	Club Dr	2011	1,121	0.19 mi
Hewitt St	Pine Tree Ln	2012	1,043	0.53 mi
Hawkridge Rd	Falcon Ln	2009	2,695	0.58 mi
Chalkville Rd	Beech St	2016	11,600	0.62 mi
South Chalkville Road	Linden St	2020	11,722	0.77 mi
South Chalkville Road	Date St	2018	12,100	0.77 mi
South Chalkville Road	Talley St	2021	11,722	0.77 mi
North Chalkville Road	Magnolia St	2021	12,514	0.85 mi
Dawns Way	Barkwood Cove	2010	1,782	0.87 mi

Listing Broker

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