Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Newport Beach
$5,542,000
Walk-On's Sports Bistreaux | 10 Yr NNN | #2 Sports Bar in US
Details
APN 15442-0002-00000-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 7,646
Cap Rate 7%
NOI $387,965
Occupancy 100%
Tenancy Single
Brand/Tenant Buffalo Wild Wings, Olive Garden
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 4 (5-year) options to extend with 10% increases at beginning of each option period
Year Built 2021
Acreage 1.970
Zoning General Commercial
Parking Spaces 101 spaces
Parking per 1,000 SqFt 13.21
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/01/2021
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
10% Bumps every 5 Years
Marketing description
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.
Investment highlights
- The tenant currently has 10 years remaining 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
- Walk-On's has recently accelerated its growth with nearly 80 locations currently open and operating.
- The company recently signed a partnership with Port Royal Brands to open 20 locations in GA & TN to help facilitate their growth | Click Here for more info
- Walk-On's is ranked #1 by Entrepreneur for Top New Franchise and consistently ranking in the Top 500 lists for Restaurant Business, Entrepreneur, Franchise Times, and Nation's Restaurant News | It was also ranked #2 Best Sports Bar in 2025 by USA Today
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for an out-of-state, passive investor
- More than 88,142 residents and 68,466 employees support the trade area, providing a direct consumer base from which to draw
- An affluent average household income of $114,606 in 1-mile trade area
- The asset is in close proximity to Fort Smith Pavilion, a 289,000+ SF regional shopping center, that is anchored by Target, Dick's, Best Buy, Old Navy, Michael's, and more
- Other nearby national/credit tenants include Walmart Supercenter, McDonald's, Starbucks, Jersey Mike's, Home Depot, and many more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
- Furthermore, the subject property is near Southside High School (2,035 students), further increasing consumer traffic to the immediate trade area
- The subject property is located along Phoenix Ave which averages 21,000 VPD
- The site benefits from nearby direct on/off ramp access to Interstate 540, a major thoroughfare that averages 57,000 vehicles passing by daily
- The asset has excellent visibility via significant street frontage and a large monument sign
Listing Contacts
Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$387,965.00
$32,330.42/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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