Investment Highlights
Brand New 15 Yr. Absolute NNN Lease by Walk-On?s Restaurant - Opening Late Summer 2023
Strong Guarantee/Balance Sheet by DBMC Restaurants LLC - Largest Operator in Nation (20+ Sites)
Suburb of Huntsville - 9th Highest Concentration Human Capital - Twice the Job/Population Growth
Trophy Outparcel at Clift Farms Master Planned Community - Across from Target Power Center
Modern 2023 Prototype Construction - Large 1.84 Acre Parcel - ESPN Voted #1 Sports Bar in America
Proven Brand (70+ Locations) and Growing - Average Unit Volume over $5.5M - Attractive Yield
Executive Summary
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 Drew 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.
