Listed by Marcus & Millichap - Denver
$3,375,700
Panera Bread
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,400
Units 1
Cap Rate 5.35%
NOI $180,600
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $1,407
Year Built 2025
Acreage 0.840
Investment Type Net Lease
Retail | 5.35% CAP | 2,400 SqFt
Investment highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
- Average Unit-Level Sales for Panera is Approximately $3.5 Million
- Brand New High-Quality Construction with a Drive-Thru
- Serving Over 135,000 Residents in Rapidly Growing Suburb to Omaha, Sarpy County is the Fastest-Growing County in the State
- Surrounded by Residential Developments with 12,000+ Homes Under Construction
- Outparcel to $300+ Million Master-Planned Mixed-Use Development with 900 Luxury Apartments and Townhomes
- Down the Street Shadow Lake Towne Center with 6.7 Million Visits/Year
- Average Household Income Exceeds $117,000 in 1 Mile and $137,000 in 3 Miles
- Accessible to 45,600+ Cars/Day at High-Volume Intersection of 84th Street and Highway 370
- Strong Daytime Population, More Than 43,000 Employees in the Primary Trade Area
- Minutes to Offutt Air Force Base (Total Population of 44,914), Undergoing $1.1+ Billion Reconstruction
- Close Proximity to Several K-12 Schools with 10,000+ Students
- Just East of Werner Park, a Minor League Baseball Stadium that Hosts Various Events with 500,000+ Visitors Annually
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,600.00
$15,050.00/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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