Panera Bread

8501 Beechmont Avenue, Cincinnati, OH 45255

$3,754,000

Cap Rate 5.35%

Views: 28 DOM: 114 Updated: 04.22.24 Posted: 01.23.24 Status: Active

Summary

Price $3,754,000	Built/Renov 2023	Tenant Panera Bread
Cap Rate 5.35%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,900	Lease Start 12-20-2023	#Units 50
Price/SF $962.56	Expiration 12-20-2038	Tenant Type Fast Casual/Rest.
NOI $200,850	R. Term 14.7	Ownership Fee Simple
Rent/SF $51.50	Increases 5.0%/4/yrs	Pop 5Mi 116,488
Lot/AC 0.94	Options 3/5yrs/5%	AHHI 5Mi $111,855

Lease Highlights

Brand new 2023 construction
Panera Bread recently executed a brand new 15-year lease with 3 (5-year) options to extend
Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by CAD Capital, LLC.

Location Description

Panera is strategically located on Beechmont Avenue, with access to 28,600 vehicles passing by daily. It offers high visibility and easy access to I-275 (101,200 VPD). The location is situated across from prominent national retailers such as Target, Kroger, Aldi, TJ Maxx, Staples, ULTA, Harbor Freight, Chick-fil-A, and more. Additionally, it is in close proximity to Mercy Health – Anderson...

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Key Features

New construction
Relocation store
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Personal guarantee
50+ unit franchisee backed

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Links

Panera Bread Wikipedia Panera Bread Wikipedia Cincinnati, Ohio Zip Code 45255 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Panera Bread
Guarantor:Franchisee
Company:CAD Capital, LLC.
# Units:50
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 :	10,556	55,998	118,017
2023 Total Population :	10,660	55,601	117,408
2023 Employed Civilian Pop :	5,402	28,404	61,428
2023 Total Businesses :	425	1,923	3,429
2023 Average Household Income :	$ 100,069	$ 124,401	$ 115,079
2023 Total Consumer Spending :	$ 393 M	$ 2390 M	$ 4801 M
2023 Median Age :	42	42	41
2023 Total Households :	4,553	22,465	48,605
2023 Pop Age 25+: Bachelor's Degree :	2,125	11,338	22,390
2023 Average Home Value :	$ 246,153	$ 302,171	$ 296,150

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ohio Pike		2013	28,170	0.06 mi
Nordyke Rd	Sunmont Dr	2005	5,484	0.20 mi
Eight Mile Rd	Richland Dr	2006	8,263	0.21 mi
Eight Mile Rd	Cherry Ln	2006	11,933	0.23 mi
Ohio Pike		2005	36,712	0.26 mi
Ohio Pike		2019	30,125	0.31 mi
Ohio Pike	Waycross	2021	26,877	0.31 mi
Coran Dr	Manitoba Dr	2013	644	0.32 mi
Coran Drive	Manitoba Dr	2021	600	0.32 mi
NORDYKE RD	Koszo Dr	2020	5,071	0.37 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6478 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6546 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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