Panera Bread (GL)

5212 Moreno Street, Montclair, CA 91763

$6,645,000

Cap Rate 4.35%

Updated: 09.16.24 Posted: 05.28.24 Status: Inactive 09.30.24

Summary

Price $6,645,000	Built/Renov 2024	Tenant Panera Bread (GL)
Cap Rate 4.35%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,950	Lease Start 02-10-2024	#Units 2,118
Price/SF $1,682.28	Expiration 12-31-2039	Tenant Type Fast Casual/Rest.
NOI $289,000	R. Term 14.8	Ownership Ground Lease
Rent/SF $73.16	Increases 10.0%/5/yrs	Pop 5Mi 455,400
Lot/AC 0.28	Options 3/5yrs/10%	AHHI 5Mi $99,282

Lease Highlights

Brand new 2024 construction
Panera Bread recently executed a brand new 15-year ground lease term with 3 (5-year) options to extend
The else features 10% 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 Moreno Street, with access to a high daily traffic count of 52,000 vehicles. The property is surrounded by well-known national tenants, including Target (ranked in the top 15% nationwide, per Placer.ai), Gold’s Gym (ranked in the top 10% nationwide, per Placer.ai), and Best Buy (ranked in the top 30% nationwide, per Placer.ai). Additionally, it is...

...

Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee

...

Links

Panera Bread Wikipedia Panera Bread Wikipedia Montclair, California Zip Code 91763 Broker Site Page

Maps

Local Information

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	22,005	186,552	452,910
2024 Total Population :	21,119	185,287	452,186
2024 Employed Civilian Pop :	10,800	89,056	215,933
2024 Total Businesses :	1,445	8,988	17,410
2024 Average Household Income :	$ 99,914	$ 110,281	$ 113,944
2024 Total Consumer Spending :	$ 639 M	$ 5605 M	$ 13933 M
2024 Median Age :	34	36	37
2024 Total Households :	7,319	58,548	141,211
2024 Pop Age 25+: Bachelor's Degree :	2,941	22,376	53,055
2024 Average Home Value :	$ 586,995	$ 669,137	$ 677,390

*ESRI data is presented for informational purposes only

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
26596 Views
75 Sold

Carlos Lopez

Hanley Investment Group

Contact

5 Listings
1333 Views
2 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

...

Carlos Lopez

An Executive Vice President at Hanley Investment Group, Carlos Lopez specializes in the sale of single-tenant NNN retail buildings and traditional shopping centers. In addition, Carlos has specialty and expertise in the sale of buildings in downtown districts, high-profile mixed-use buildings, and high-street urban retail properties. With nearly 30 years of experience in investment sales, Carlos consistently creates value for his clients through his comprehensive knowledge and expertise. Car

...

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
25893 Views
78 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

...

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