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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 9 Updated: 10.02.25 Posted: 10.02.25 Status: Active     10.02.25

Summary

Price $3,869,000
Built/Renov 2025
Tenant Panera Bread
Cap Rate 4.90%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,079
Lease Start 10-01-2025
#Units 2,200
Price/SF $1,860.99
Expiration 09-30-2040
Tenant Type Fast Casual/Rest.
NOI $189,600
R. Term 14.11
Ownership Fee Simple
Rent/SF $91.20
Increases 8.0%/6/yrs
Pop 5Mi 109,594
Lot/AC 0.85
Options 3/5yrs/8%
AHHI 5Mi $146,041

Highlights

  • Brand new 2025 construction with drive-thru in fast-growing Austin suburb

  • Absolute NNN lease with tenant responsible for roof and structure

  • 15-year corporate guaranteed lease by Panera, LLC

  • 8% rental increases every five years with three 5-year options

  • Outparcel to Home Depot and across from Lowe’s in retail hub

  • 2,479 SF building on oversized 0.85-acre lot

  • Five-mile trade area population over 109,000 with $146,041 average household income

  • Offered at $3,869,000 price with 4.90% cap rate and $189,600 NOI

Location Description

Panera Bread is strategically located along Ed Schmidt Blvd in Hutto, Texas, with access to a daily traffic count of approximately 60,646 vehicles. The site is surrounded by major national retailers including Home Depot, Lowe’s, Walgreens, McDonald’s, and Dairy Queen, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and new...

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Tenant

About Tenant

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


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