Opelika, AL - Walk On's

3041 Capps Way, Opelika, AL

$6,900,000

Price

7%

Cap Rate

$482,625

NOI

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Street
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Overview
Cap Rate
7%
NOI
$482,625
Building Size
7,500 sqft
Description

• 14+ years remain on an original 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
• Walk On’s is an award-winning, family-friendly restaurant and bar that has over 100 locations currently open and operating, and over 150 in development throughout the entire Southeast of the United States
• 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

• Walk On’s is part of a larger development that includes AMC, Guthrie’s, Freddy’s, La Quinta, Home2 Suites, Wild Wing, and Holiday Inn Express
• Across the street from “The Landings” development, including QuikTrip, Starbucks, Texas Roadhouse, GolfSuites, and more
• Ideally located right off I-85 (50,900 VPD)
• The immediate two square miles consists of 2.3M square-feet of retail with a .6% vacancy rate
• Next to Tiger Town Outdoor Shopping Center, a 901,000+ SF power center that ranks in the top 97% of all power centers nationwide (5.2M visits annually)

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Listing ID: a28TP0000009NobYAE
Location
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