Brand New 15 Yr. NNN Lease- Huge Sales Walk On's

Investment Highlights

Brand New 15 Yr. Absolute NNN Lease by Walk-On?s Restaurant - Opening this Summer 2023 Strong Guarantee/Balance Sheet by DBMC Restaurants LLC - Largest Operator in Nation (20+ Sites) Affluent Suburb of New Orleans - College Town with Little Competition - Large Residential Growth Shadow Anchored by Walmart/Lowe?s/Hampton Inn - Near Nicholls State University - Dense Area Modern 2023 Prototype Construction - Large 1.88 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 Thibodaux, LA. Founded in Baton Rouge 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?s2020 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.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,700
• Building Class    B
• Year Built    2023
• Price    7,360,000
• Price Per SF    1,099
• Cap Rate    6.66
• NOI    489,834
• Tenancy    Single
• Building Height    1 Story