Listed by Marcus & Millichap - San Diego, Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$4,725,200
Panera Bread
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,200
Units 1
Cap Rate 5.35%
NOI $252,800
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $1,477
Year Built 2026
Acreage 2.230
Investment Type Net Lease
Ground Lease No
Retail | 5.35% CAP | 3,200 SqFt
Investment highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC (2,239+ Locations and $6.12 Billion in Revenue)
- Average Unit-Level Sales for Panera are Approximately $3.3 Million
- Brand New High-Quality Construction, Modern Prototype Design with a Drive-Thru
- Serving Over 112,000 Residents in Rapidly Growing Suburb to Indianapolis
- Westfield is One of the Fastest Growing Cities in the U.S., 35%+ Population Growth Since 2020
- Surrounded by Several Residential Developments with 8,800 New Homes
- Average Household Income Exceeds $150,000 within 1 and 3 Miles and $162,000 within 5 Miles
- Down the Street from Grand on Main, a $105 Million Development with Luxury Residences and High-End Retail
- 1.5 Miles to $77 Million Grand Park Sports Campus with 5.5+ Million Visits/Year, the Largest Youth Sports Facility in the U.S.
- 2 Miles to $1.2 Billion Grand Universe Mixed-Use Development with Residential, Commercial, Hotel, and a Science and Space Exploration Center
- Across from $225 Million Grand Park Village Development and $105 Million Wheeler Landing Development
- Minutes to New $335 Million Community Health Hospital Campus Opening in 2026
- Just East of Multi-Billion Dollar LEAP Lebanon Innovation District on 9,000 Acres with Manufacturing, R&D Facilities, and Corporate Campuses Under Construction
- Adjacent to Monon Trail, a 28-Mile Multi-Use Bike/Walk Path that Connects to Carmel and Indianapolis
- Close Proximity to Several K-12 Schools with 7,000+ Students
Listing Contacts
Listed by Marcus & Millichap - San Diego, Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$252,800.00
$21,066.67/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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