Panera Bread - Jacksonville (St Augustine) FL
Outparcel to Publix-anchored Center | Corporate | Absolute NNN | 10% Increases Every Five Years
Marketing description
Introducing a prime investment opportunity - Panera Bread at 235 Village Commons Drive, St. Augustine, Florida. This single-tenant absolute NNN property boasts a 12+ year lease term with a corporate-backed agreement, cementing its status as a secure, long-term asset. The lease features 10% rental increases every 5 years, enhancing the Net Operating Income (NOI) and safeguarding against inflation. With Panera Bread's strong presence and 2,218 locations nationwide, this investment offers stability and growth potential. Located at Parkway Village of St. Johns in the bustling Jacksonville MSA, this property benefits from high visibility with 25,000 vehicles passing by daily. With a cap rate of 4.75% and a net operating income of $224,050, this fee simple ownership requires zero landlord responsibilities, making it an attractive, hassle-free investment for passive investors. The area boasts a lucrative demographic profile with residents enjoying six-figure incomes within a 5-mile trade radius, further enhancing the property's desirability.
Investment highlights
12+ Years Remaining | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Tenant
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
Parkway Village of St. Johns Outparcel | Tocoi Creek High School | Across From Shoppes at Murabella | Off I-95
Jacksonville No. 2 Best Cities to Live in Florida (Forbes) |Jacksonville - Nationally Ranked Population Growth
Demographics in 5-Mile Trade Area | Six-Figure Incomes
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