- For Sale $8,190,000
- Property Type Retail
- Lot Size 1.84 SF
- Date Updated Apr 24, 2024
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a single tenant absolute NNN leased Walk-On’s Sports Bistreaux located in Madison, AL, a popular suburb of Huntsville. Founded in Baton Rouge, LA by two LSU basketball teammates and now co-owned by NFL All-Pro QB Dew Brees, Walk-On’s has over 70 locations across 14 states with a development pipeline exceeding 100 locations. The revolutionary sports bar has been recognized as ESPN’s #1 Sports Bar in America (2012) and the #1 brand in Entrepreneur’s 2020 Top New Franchise Ranking.
The Absolute NNN lease comprises a 15-year primary term, four 5-year option periods, 10% rent increases every 5 years, zero landlord responsibilities, and an absolute corporate guarantee making this asset ideal for a 1031 exchange or a coupon clipper desiring years of inflation resistant cash flows.
Strategically positioned on Lee Hwy (Hwy 72 W), which sees over 42,900 VPD, the subject property is just 25 minutes from downtown Huntsville, AL which has an MSA population exceeding 407,000.
The subject property is an outparcel to the newly developed Clift Farm which offers premier shopping dining and living accommodations. Nearby retailers include Target, Walmart Supercenter, Lowe’s Home Improvement, Publix, Chick-fil-A, Starbucks, McDonald’s, Slim Chickens, Whataburger, and many more!
This is an excellent opportunity to purchase a long-term absolute NNN lease restaurant with a 15-year term, 20 years in options, rent increases, zero landlord responsibilities, and a full corporate guarantee, providing years of worry-free income.
Available
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Location
Getting Around
-
Walk Score ®
46/100
Car-Dependent
-
Bike Score ®
41/100
Somewhat Bikeable
- City Madison, AL
- Neighborhood Buchanan Estates - Colonial Promenade
- Zip Code 35758
- Market Huntsville
Points of Interest
-
Shell
0.87 miles
-
MinitMan
0.88 miles
-
MAPCO
1.22 miles
-
Exxon
1.64 miles
-
Papa Jack's EZ Stop
1.68 miles
-
Marathon
2.84 miles
-
Mapco
2.88 miles
-
Kroger Gas Station
2.92 miles
-
Kroger
2.94 miles
-
Walmart
3.16 miles
-
Bradford Creek Greenway Parking
2.27 miles
-
Mill Creek Greenway North Parking Lot
2.98 miles
-
Lot 2
3.08 miles
-
Kids Kingdom Parking
3.21 miles
-
Student Parking North
3.41 miles
-
Student Parking South
3.49 miles
-
Bradford Creek Greenway Parking
4.02 miles
-
Public Parking
4.04 miles
-
Indian Creek Greenway Parking at Old Madison Pike
4.58 miles
-
Margaritaville Hotel Parking (proposed)
5.15 miles
-
I Love Sushi
0.15 miles
-
Firehouse Subs
0.18 miles
-
Dunkin'
0.22 miles
-
Taziki's
0.24 miles
-
Buenavista Mexican Cantina
0.39 miles
-
Panera Bread
0.46 miles
-
Zaxby's
0.49 miles
-
Panda Express
0.52 miles
-
Crumbl
0.54 miles
-
IHOP
0.55 miles
-
Target
0.45 miles
-
Walmart Supercenter
0.53 miles
-
ALDI
1.65 miles
-
Kohl's
1.76 miles
-
Publix
1.87 miles
-
Sprouts Farmers Market
2.07 miles
-
Far East Market Madison
2.74 miles
-
Kroger
3.00 miles
-
Kroger
3.01 miles
-
Publix
3.10 miles
Frequently Asked Questions
What is the lease rate for Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term?
Rental asking rate at Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term is $4,095,000.00/YR.
What is the total square footage of Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term?
Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term totals 6,700 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
