Walk On's | New 15yr Abs NNN | Growing Brand | 226 Stevens Trl
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Walk On's | New 15yr Abs NNN | Growing Brand 226 Stevens Trl
7,439 SF Retail Building Bristol, TN 37620 £5,175,907 (£696/SF) 7% Net Initial Yield
Investment Highlights
- Brand New 15-Year Lease | 10% Rental Increases Every 5 Years | Options To Extend | Growing Brand
- Outparcel To The Pinnacle , a 1.3M SF power center that features national tenants such as Marshalls, Chick-fil-A, Michaels, Belk, Outback, and more
- More than 35,000 residents and 26,000 employees support the trade area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Strategically located right off I-81 (53,200 VPD), allowing users to benefit from direct on/off ramp access to the site and power center
- Average Household Income of $75,606 within a 1-mile radius
Executive Summary
• The tenant recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, generating NOI and hedging against inflation
• Walk-On’s Sports Bistreaux, celebrated as the #1 Sports Bar in America by ESPN, is a nationally recognized restaurant and sports bar that brings together the love of food, sports, and community
• Corporate guaranty by DBMC Restuarants, LLC. Formed in 2009, DBMC
has continued to expand in the industry with 21 Sante Fe Cattle Company locations, 9 Cody’s Original Roadhouse locations, and 21 Walk-On’s currently operated with 17 more in various development stages
• DBMC Restaurants employs over 2,500 team members and operates in seven states
• The lease features 10% rental increases every 5 years and at the beginning of each option, generating NOI and hedging against inflation
• Walk-On’s Sports Bistreaux, celebrated as the #1 Sports Bar in America by ESPN, is a nationally recognized restaurant and sports bar that brings together the love of food, sports, and community
• Corporate guaranty by DBMC Restuarants, LLC. Formed in 2009, DBMC
has continued to expand in the industry with 21 Sante Fe Cattle Company locations, 9 Cody’s Original Roadhouse locations, and 21 Walk-On’s currently operated with 17 more in various development stages
• DBMC Restaurants employs over 2,500 team members and operates in seven states
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,439 SF
Year Built
2023
Price
£5,175,907
Price Per SF
£696
Net Initial Yield
7%
NOI
£362,337
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.77 AC
Zoning
PBD - Planned Business District
Parking
15.73 Spaces per 1,000 SF Leased
Amenities
- Freeway Visibility
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Walk On's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Walk On's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 082019 19268 | Improvements Assessment | £324,842 |
| Land Assessment | £197,835 | Total Assessment | £522,677 |
PROPERTY TAXES
Parcel Number
082019 19268
Land Assessment
£197,835
Improvements Assessment
£324,842
Total Assessment
£522,677
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Walk On's | New 15yr Abs NNN | Growing Brand | 226 Stevens Trl
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