yes it looks cool. And it could be fun for a cruise.
And as walmart genre bikes go your probably have a better chance with it lasting becuse is it so simple. No cheap brakes, no gears, no suspension fork,etc.
I would check assembly and all lubrication.
That said, my experience with wrenching on low end bikes (walmart, target, costco etc) is that they are terrible, mostly because the components are so low end. My experience includes quality checking donated bikes put together for christmas, wrenching on neighbors bikes and working on nieces and nephews bikes when I visit family in Montana.
The components don't work well to start with (many of the caliper brakes are so flimsy as to be dangerous) are difficult to adjust and have a tendency to strip thereads. My neighbors have about 6 bikes....only two work an electra single speed (looks similar to above) and an 25 year old trek cross bike, all the other bikes which were low end bikes just died.