loader
Join Free
Views: 103 DOM: 333 Updated: 11.08.24 Posted: 01.23.24 Status: Active

Summary

Price $3,652,000
Built/Renov 2023
Tenant Panera Bread
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,900
Lease Start 12-20-2023
#Units 50
Price/SF $936.41
Expiration 12-20-2038
Tenant Type Fast Casual/Rest.
NOI $200,850
R. Term 14.0
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 lease | 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...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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. Founded in 1987 as Paradise...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity