- For Sale $7,360,000
- Property Type Retail
- Lot Size 1.88 SF
- Date Updated Apr 30, 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 Thibodaux, LA. Founded in Baton Rouge 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 N Canal Blvd, which sees over 24,700 VPD, the subject property is just over an hour to New Orleans and Baton Rouge. New Orleans, known to many as “Big Easy,” is home to Mardi Gras, attracts over 19 million visitors annually, and has an MSA population exceeding 1.26 million. Baton Rouge is the capital of Louisiana, attracts many for the strong industry, Antebellum history, and southern culture, and has an MSA population of 767,000.
Nearby retailers include Lowe’s Home Improvement, Walmart Supercenter, Academy Sports + Outdoors, McDonald’s, Starbucks, Raising Cane’s, Five Guys, Walgreens, and CVS. 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.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
32/100
Car-Dependent
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Bike Score ®
37/100
Somewhat Bikeable
- City Thibodaux, LA
- Zip Code 70301
Points of Interest
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Schriever
4.90 miles
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Go Bears
1.29 miles
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Happy Family Gas Station
2.68 miles
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Gordon's Conoco
4.93 miles
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Lot 6
1.81 miles
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Lot 1
1.88 miles
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Lot 1A
1.91 miles
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Lot 20
1.91 miles
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Lot 2
1.96 miles
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Lot 7
1.99 miles
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Lot 8
2.02 miles
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Lot 18
2.05 miles
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Wendy's
0.17 miles
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Sonic
0.20 miles
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Popeyes
0.30 miles
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Santa Fe
0.34 miles
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Chili's
0.38 miles
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Wingstop
0.41 miles
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Off The Hook
0.48 miles
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La Casa Del Sol
0.50 miles
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China Garden II
0.50 miles
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El Paso Mexican Grill
0.51 miles
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Walmart Supercenter
0.62 miles
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Big Lots
0.76 miles
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Rouses
1.16 miles
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Rouse's
2.36 miles
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Rouses
2.48 miles
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Walmart Neighborhood Market
3.00 miles
Frequently Asked Questions
What is the lease rate for For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term?
Rental asking rate at For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term is $3,680,000.00/YR.
What is the total square footage of For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term?
For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term totals 6,700 square feet.
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