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Views: 114 Updated: 08.21.24 Posted: 03.29.23 Status: Inactive 08.21.24

Summary

Price $4,851,000
Built/Renov 2023
Tenant Panera Bread
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,417
Lease Start 03-01-2023
#Units 112
Price/SF $1,098.26
Expiration 03-01-2033
Tenant Type Fast Casual/Rest.
NOI $230,400
R. Term 8.3
Ownership Fee Simple
Rent/SF $52.16
Increases 8.0%/5/yrs
Pop 5Mi 118,968
Lot/AC 1.00
Options 4/5yrs/8%
AHHI 5Mi $91,644

Lease Highlights

  • New 2023 construction
  • Panera Bread recently signed a brand-new 10-year lease with 4 (5-year) options to extend
  • Lease features 8% rental increases every 5 years throughout the initial term and at each option period
  • Absolute NNN lease with zero landlord responsibilities
  • Franchisee guaranteed by EYM Cafe Operation 

Location Description

Panera Bread is strategically located at the corner of South Soncy Road (South Loop 333W) and Anton Kuster Avenue with access to over 32,000 vehicles per day. The asset benefits from direct access onto Interstate 40 (61,600 VPD) and interstate 27 (65,500 VPD), making this an ideal and centralized location. The site is situated as an outparcel to United Supermarkets with over 730,000 visitors...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,485 52,802 124,146
2023 Total Population : 7,330 51,475 121,673
2023 Employed Civilian Pop : 3,445 25,675 60,925
2023 Total Businesses : 478 2,157 4,917
2023 Average Household Income : $ 114,972 $ 99,521 $ 91,797
2023 Total Consumer Spending : $ 304 M $ 1857 M $ 4036 M
2023 Median Age : 46 42 39
2023 Total Households : 3,110 21,717 51,033
2023 Pop Age 25+: Bachelor's Degree : 1,673 10,122 20,649
2023 Average Home Value : $ 306,952 $ 270,473 $ 255,357
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Legend Ave W Point Dr 2015 777 0.13 mi
South Soncy Road W 34th Ave 2020 32,292 0.24 mi
South Soncy Road Simpson Dr 2021 39,692 0.24 mi
W 34th Ave S Loop 335 W 2015 8,133 0.27 mi
Van Tassel St Tarter Ave 2015 304 0.27 mi
W 34th Ave S Loop 335 W 2017 5,033 0.29 mi
Reeder Dr W 34th Ave 2015 1,114 0.29 mi
Tarter Ave Van Tassel St 2015 924 0.31 mi
Reeder Dr W 34th Ave 2015 658 0.35 mi
Roach Dr S Loop 335 W 2015 658 0.38 mi

Listing Broker

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