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Walk-On's | 10yrs NNN | #2 Sports Bar in US 4306 Phoenix Ave 7,646 SF Retail Building Fort Smith, AR 72903 $7,766,892 CAD ($1,015.81 CAD/SF) 7% Cap Rate

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Investment Highlights

10 Years Remaining | Scheduled Rental Increases | Rapidly Growing Brand
Dense Retail Corridor | Fort Smith Pavilion (289,000+ SF) | Strong National/Credit Tenant Presence | Southside High School
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Absolute NNN | Fee Simple Ownership | Zero Landlord ResponsibilitiesAbsolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along Phoenix Ave | Interstate 540 | Excellent Visibility

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walk On’s investment property located in Fort Smith, Arkansas. The tenant has approximately 10 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. With nearly 80 restaurants in the U.S., Walk-On’s is accelerating its nationwide expansion – ranked #1 by Entrepreneur for Top New Franchise and consistently ranking in Top 500 lists for Restaurant Business, Entrepreneur, Franchise Times, and Nation’s Restaurant News.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

7,646 SF

Building Class

Year Built

2021

Price

$7,766,892 CAD

Price Per SF

$1,015.81 CAD

Cap Rate

NOI

$543,717 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.97 AC

Zoning

General Commercial

Parking

101 Spaces (13.21 Spaces per 1,000 SF Leased)

Frontage

202’ on Phoenix Avenue

Dedicated Turn Lane
Freeway Visibility

Restaurant

Signage

Monument Signage

Accommodation and Food Services
99,999 SF
$9.99
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Walk-On's Sports Bistreaux began in 2003 as a Louisiana sports bar and restaurant concept founded by Brandon Landry and Jack Warner, two LSU basketball walk-ons. The company serves scratch-made Louisiana-inspired food and drinks in a family-friendly, game-day setting, with menu items that include burgers, salads, seafood, Cajun and Creole specialties, and cocktails. Walk-On's Sports Bistreaux has expanded into a national franchised brand while keeping its sports-and-community focus at the center of the business.