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Views: 21 DOM: 53 Updated: 05.11.24 Posted: 03.25.24 Status: Active

Summary

Price $3,881,000
Built/Renov 2024
Tenant Panera Bread
Cap Rate 5.03%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,200
Lease Start 05-01-2024
#Units 2,118
Price/SF $1,212.81
Expiration 04-30-2039
Tenant Type Fast Casual/Rest.
NOI $195,200
R. Term 14.11
Ownership Fee Simple
Rent/SF $61.00
Increases 8.0%/5/yrs
Pop 5Mi 97,207
Lot/AC 1.19
Options 3/5yrs/8%
AHHI 5Mi $95,442

Lease Highlights

  • Brand-new 2024 construction
  • Panera Bread will be executing a brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Panera Bread is strategically located on U.S. Highway 412, with access to 43,000 vehicles passing by daily. Positioned conveniently just 1 mile from Interstate 49 (95,000 VPD), the location offers direct on/off ramp access for travelers. The immediate trade area is surrounded by well-known national tenants including Hobby Lobby, Harbor Freight, Anytime Fitness, Lowe’s, and Office Depot....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Panera Bread
  • Guarantor:Corporate
  • Company:JAB Holding Company
  • # Units:2,118
  • Stock:Private

About Tenant

Panera Bread Company is an American bakery-café fast-casual restaurant chain, offering bakery items, pasta, salads, sandwiches, soups, and specialty drinks. Founded in 1987 as Paradise...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,237 40,750 102,332
2023 Total Population : 5,310 38,776 97,207
2023 Employed Civilian Pop : 2,918 19,153 47,518
2023 Total Businesses : 333 1,728 4,015
2023 Average Household Income : $ 109,294 $ 99,154 $ 95,442
2023 Total Consumer Spending : $ 191 M $ 1173 M $ 2799 M
2023 Median Age : 37 35 33
2023 Total Households : 2,031 13,629 33,648
2023 Pop Age 25+: Bachelor's Degree : 1,112 4,843 10,983
2023 Average Home Value : $ 325,960 $ 285,780 $ 299,185
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Sunset Avenue Mathis Dr 2021 43,000 0.08 mi
Gene George Boulevard W Sunset Ave 2021 6,700 0.18 mi
South 48th Street W Sunset Ave 2021 13,000 0.23 mi
49 Co Rd 1108 2021 9,800 0.26 mi
49 Central Dr 2021 10,000 0.30 mi
South 48th Street Central Dr 2021 3,800 0.36 mi
49 W Sunset Ave 2021 9,800 0.36 mi
49 W Sunset Ave 2021 10,000 0.40 mi
West Sunset Avenue 48th Pl 2021 34,000 0.41 mi
W Sunset Ave S 64th St 2010 32,000 0.45 mi

Listing Broker

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