Walk-On's Sports Bistreaux Gonzales, LA

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 Gonzales, Louisiana. Gonzales is one of the fastest growing cities in Ascension Parish and is projected to experience continued growth in both residential and commercial sectors. The city is home to a variety of industries driving its economy. Most notably, petrochemical, manufacturing, healthcare, and education. Gonzales is also known as the “Jambalaya Capital of the World.” The Property sits on a large 2.58 acre lot along the main north/south artery Airline Highway. The 8,000 square foot building was constructed in 2019 and was the first protype built of the new stores moving forward. It is also situated amongst a newer, grocery-anchored shopping center called Lagniappe Centre. Some of its tenants include: Rouse’s Market, Starbucks, Petco, AT&T, Bumble Lane, Ochsner Health, and many more. Directly across the street is a newer Neighborhood Wal-Mart, and a brand-new McDonald’s and Take 5 Car Wash currently under construction. Approximately 95% of all Walk-On’s are franchised-owned. The franchisee is a fast-growing operator out of Louisiana backed by a management team with a combined 40 years of experience with Walk~On’s. INVESTMENT HIGHLIGHTS: NNN Lease (Limited LL Responsibilities) 2019 Construction 9.4 years remaining w/ Four (5-yr) Options to Renew 10% Rent Increase every 5 years | Next increase in 2029 Strong Guarantor | #1 Franchisee in the US