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| Price $1,433,000 | Built/Renov 1983 | Tenant Panera Bread |
| Cap Rate 4.00% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
5,260
| Lease Start
06-30-2000
| #Units
2,118
|
| Price/SF $272.43 | Expiration
06-30-2028
| Tenant Type Fast Casual/Rest. |
| NOI $57,339 | R. Term 3.6 | Ownership Fee Simple |
| Rent/SF
$10.90
| Increases 0.0%/0/yrs | Pop 5Mi 76,050 |
| Lot/AC 1.28 | Options 4/5yrs | AHHI 5Mi $84,596 |
| | |
Panera Bread is strategically located at the hard-corner intersection of Fremont Pike and Carronade Drive, with access to a combined daily traffic count of 33,900 vehicles. The property is an outparcel to Kroger Marketplace, Gabe's, and two national-branded hotels. The immediate area features well-known national tenants, including Take 5 Car Wash, Wendy’s, Burger King, and more. The 5-mile...
...Hard corner intersection
In location for years
Near major nationals
Shopping Ctr out-parcel
Freeway close
Strong tenant synergy
Affluent suburb location
Major MSA
Long operation history
Corporate Guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 7,817 | 29,981 | 84,197 |
| 2024 Total Population : | 7,729 | 30,016 | 84,647 |
| 2024 Employed Civilian Pop : | 3,671 | 15,883 | 44,620 |
| 2024 Total Businesses : | 283 | 1,570 | 3,491 |
| 2024 Average Household Income : | $ 97,647 | $ 114,195 | $ 103,555 |
| 2024 Total Consumer Spending : | $ 292 M | $ 1312 M | $ 3369 M |
| 2024 Median Age : | 41 | 42 | 41 |
| 2024 Total Households : | 3,425 | 13,179 | 37,077 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,881 | 6,678 | 16,623 |
| 2024 Average Home Value : | $ 319,419 | $ 300,495 | $ 257,894 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 608 | Fremont Pike | 2003 | 27,800 | 0.08 mi |
| Fremont Pike | Helen Dr | 2021 | 36,025 | 0.15 mi |
| Fremont Pike | Helen Dr | 2018 | 33,917 | 0.17 mi |
| 2019 | 8,409 | 0.22 mi | ||
| RAMP FROM US20 TO IR75 NB | I- 75 | 2020 | 4,616 | 0.25 mi |
| RAMP FROM US20 TO IR75 NB | 2021 | 4,784 | 0.25 mi | |
| 2018 | 5,953 | 0.26 mi | ||
| US 23;US 20 Truck | I- 75 | 2021 | 8,791 | 0.27 mi |
| US 23;US 20 Truck | Fremont Pike | 2021 | 7,908 | 0.34 mi |
| RAMP D | Fremont Pike | 2020 | 7,258 | 0.34 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
