Skip to main content

Restaurant

Walk-On's Sports Bistreaux

14569 Airline Hwy, Gonzales, LA 70737

Listing Price: $7,400,000

Cap Rate
6.00%
Tenant Name
DBMC Rest. of Gonzales, LA, LLC
Years Remaining On Lease
11.0
Gross SF
8,000
Guarantor
Franchisee Guarantee
Rentable SF
8,000
Price/Gross SF
$925.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.50

Investment Overview

This Walk-On's investment presents a solid opportunity for investors seeking a well-located and stable property in the South Louisiana market. Gonzales is one of the fastest growing cities in Ascension Parish, and located approx. 20 miles southeast of Baton Rouge. The city is home to a variety of industries including petrochemical manufacturing, healthcare, and education. The population of Gonzales has grown steadily over the past decade, and is expected to continue economic growth in the coming years. The Walk-On's Sports Bistreaux is located at 14569 Airline Hwy, Gonzales, LA, and features an attractive 6.00% cap rate. However, there is a 10% rent increase in 2024 increasing the return to 6.60% over the next 5 years. This property was constructed in 2019, featuring 8,000 gross leasable area on a large 2.58-acre lot. It is situated along Airline Hwy (US Hwy 61), which is a major thoroughfare in Gonzales that sees significant daily traffic. The property is subject to a Triple Net Lease type, with +/- 11 years remaining on the lease and four (5-yr) renewal options w/ 10% rent increases every 5 years. Overall, this investment opportunity offers investors a stable and predictable cash flow stream from a well-located property in the growing Gonzales, Louisiana market.

Investment Highlights

  • +/- 11 Years Remaining on NNN Lease
  • 10% Rent Increases every 5 years (next in 2024)
  • Four (5-Year) Options to Extend
  • #1 Walk-On's Franchisee in the U.S.
  • Blended 6.84% Return throughout Primary Term

Exclusively Listed By

Financing By

Restaurant

Walk-On's Sports Bistreaux

Listing Price: $7,400,000

Cap Rate
6.00%
Tenant Name
DBMC Rest. of Gonzales, LA, LLC
Years Remaining On Lease
11.0
Gross SF
8,000
Guarantor
Franchisee Guarantee
Rentable SF
8,000
Price/Gross SF
$925.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.50

Investment Highlights

  • +/- 11 Years Remaining on NNN Lease
  • 10% Rent Increases every 5 years (next in 2024)
  • Four (5-Year) Options to Extend
  • #1 Walk-On's Franchisee in the U.S.
  • Blended 6.84% Return throughout Primary Term

Investment Overview

This Walk-On's investment presents a solid opportunity for investors seeking a well-located and stable property in the South Louisiana market. Gonzales is one of the fastest growing cities in Ascension Parish, and located approx. 20 miles southeast of Baton Rouge. The city is home to a variety of industries including petrochemical manufacturing, healthcare, and education. The population of Gonzales has grown steadily over the past decade, and is expected to continue economic growth in the coming years. The Walk-On's Sports Bistreaux is located at 14569 Airline Hwy, Gonzales, LA, and features an attractive 6.00% cap rate. However, there is a 10% rent increase in 2024 increasing the return to 6.60% over the next 5 years. This property was constructed in 2019, featuring 8,000 gross leasable area on a large 2.58-acre lot. It is situated along Airline Hwy (US Hwy 61), which is a major thoroughfare in Gonzales that sees significant daily traffic. The property is subject to a Triple Net Lease type, with +/- 11 years remaining on the lease and four (5-yr) renewal options w/ 10% rent increases every 5 years. Overall, this investment opportunity offers investors a stable and predictable cash flow stream from a well-located property in the growing Gonzales, Louisiana market.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower