For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term

For Sale

908 N Canal Blvd, Thibodaux, LA 70301

This Thibodaux property for sale is located at 908 N Canal Blvd. The current listed sale price for For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term is $7,360,000. For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term is situated on a lot that is 1.88 square feet in size.

Contacts

broker

Eric Carlton

broker

Jereme Snyder

Colliers

broker

Paul Dominique

Property Details

  • Property Type Retail
  • Lot Size 1.88 SF
  • Additional Rent Contact for pricing
  • Date Updated Jun 24, 2024

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 Dew 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’s 2020 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.

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Attachments

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  • 37/100

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Location

  • City Thibodaux, LA
  • Zip Code 70301

Points of Interest

  • Schriever

    4.90 miles

  • Go Bears

    1.29 miles

  • Happy Family Gas Station

    2.68 miles

  • Gordon's Conoco

    4.93 miles

  • Lot 6

    1.81 miles

  • Lot 1

    1.88 miles

  • Lot 1A

    1.91 miles

  • Lot 20

    1.91 miles

  • Lot 2

    1.96 miles

  • Lot 7

    1.99 miles

  • Lot 8

    2.02 miles

  • Lot 18

    2.05 miles

  • Wendy's

    0.17 miles

  • Sonic

    0.20 miles

  • Popeyes

    0.30 miles

  • Santa Fe

    0.34 miles

  • Chili's

    0.38 miles

  • Wingstop

    0.41 miles

  • Off The Hook

    0.48 miles

  • La Casa Del Sol

    0.50 miles

  • China Garden II

    0.50 miles

  • El Paso Mexican Grill

    0.51 miles

  • Walmart Supercenter

    0.62 miles

  • Big Lots

    0.76 miles

  • Rouses

    1.16 miles

  • Rouse's

    2.36 miles

  • Rouses

    2.48 miles

  • Walmart Neighborhood Market

    3.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact For Sale I Walk-On’s Sports Bistreaux | Absolute NNN Asset - 15 Year Primary Term