Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire the fee-simple interest (land & building) in a triple-net Walk-On’s Sports Bistreaux located in Broussard, Louisiana. The city of Broussard is located within the Lafayette, LA MSA, and one of the faster growing cities in St. Martin Parish. The city is home to a variety of industries driving its economy. Most notably, oil & gas service, manufacturing, food distributors, and real estate development. The Property is a 7,924 square foot building sitting on a 1.40 acre lot along the main north/south artery of US Hwy 90, which sees an average of 43,000+ vehicles per day. The building is a 2nd generation restaurant and was completely renovated in 2018 for its current use. It is also situated as an outparcel to Celebrity Movie Theatre on Celebrity Drive. This property is ideally located near several national retailers and market drivers including, but not limited to: Wal-Mart Supercenter, Home Depot, Albertson’s, Lafayette Airport, Industrial Parks, the Broussard Sports Complex, and Le Triomphe Golf & Country Club. Approximately 95% of all Walk-On’s are franchised-owned. This particular franchisee is the #1 operator across the country with 24 current restaurants, 16 in the development pipeline, and 6 under construction. DBMC Restaurants has territory rights within Louisiana, Mississippi, Alabama, Florida, Tennessee, and Oklahoma. Aside from their Walk-On’s, they also own and operate several Cody’s Roadhouses and Santa Fe Cattle Co. restaurants.