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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 $5,542,000 ($724.82/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

$5,542,000

Price Per SF

$724.82

Cap Rate

NOI

$387,965

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 is a privately held restaurant chain founded in 2003 by Brandon Landry and Jack Warner in Baton Rouge, Louisiana. The concept originated from their experience as walk-on athletes at Louisiana State University, blending a sports-centric atmosphere with scratch-made Cajun-inspired dishes. The brand has grown significantly through franchising and private equity backing, attracting notable partners such as NFL quarterback Drew Brees. Walk-On’s offers a menu featuring seafood, burgers, and traditional Louisiana fare, complemented by a lively game-day environment. Headquartered in Dunwoody, Georgia, the company operates more than 75 locations across the United States and continues to expand nationally.