Listed by Stream Capital Partners, Stream Capital Partners Birmingham
$4,349,090
Brand New Panera Bread
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,600
Cap Rate 5.5%
NOI $239,200
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type NNN
Lease Term 15
Lease Expiration 09/30/2038
Remaining Term 12.3
Rent Bumps Yes
Lease Options 4, five year options
Price per SqFt $945
Year Built 2023
Acreage 0.814
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2023
Sale Condition For sale by owner
Corporate Guarantee I 15 Year Term
Investment highlights
Corporate Panera Bread; a leading fast casual concept with over 2,100 locations.
Outparcel of a new Hobby Lobby, along a dense retail corridor; area retailers include Home Depot, PetSmart, Chick-Fil-A, Aldi, Burlington, and Dick’s Sporting Goods.
Highly visible site with multiple points of access and over 29,900 vehicles per day along Jefferson Road
Brand New, high quality construction Panera with a 13 year remaining term, 10% increases every 5 years and limited landlord responsibilities
Listing Contacts
Listed by Stream Capital Partners, Stream Capital Partners Birmingham
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$239,200.00
$19,933.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
