Listed by SRS Louisville, SRS Real Estate Partners Newport Beach
$3,963,000
Panera Bread
Details
APN 22052601060000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,430
Units 1
Cap Rate 5.4%
NOI $213,998
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type NNN
Lease Term 15
Lease Expiration 11/30/2035
Remaining Term 9.4
Lease Options 3 (5-year)
Year Built 2020
Buildings 1
Acreage 1.130
Zoning C2
Parking Spaces 76 spaces
Parking per 1,000 SqFt 17.16
Lease Commencement 11/28/2020
Ground Lease No
Ownership Fee Simple (Land & Building)
Retail | 5.40% CAP | 4,430 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased Panera Bread investment property located in Louisville, Kentucky. The tenant, Panera, LLC, has 9+ years remaining on its 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Listing Contacts
Listed by SRS Louisville, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$213,998.00
$17,833.17/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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