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.