Panera Bread & First Watch | Corp. | 88,000vp | 2026 Build
High Quality Built-to-Suit Construction
Marketing description
New construction 15-year Panera Bread with drive-thru and 10-Year First Watch - both corporate leases.
Both leases include 10% rental increases every five years, providing a long-term income generator.
First Watch (NASDAQ: “FWRG”) operates over 535 locations across 29 states, employing over 14,000 individuals.
Panera Bread is one of the most successful U.S. based restaurant companies, supported by JAB Holdings, which owns several major brands including Krispy Kreme and Peet’s Coffee.
2026 construction built to the latest First Watch & Panera Bread prototypes.
Parcel was recently the #2 Texas Roadhouse in all of Texas and #6 Texas Roadhouse in the country. Site performed so well Texas Roadhouse relocated 1.5 north on Interstate 30, into a new Texas Roadhouse and an adjacent Bubba’s 33.
Direct outparcel to a Home Depot and Target anchored power center.
The site’s proximity to Interstate 30 (77,040 AADT) allows the property to capture significant local and commuter traffic.
Investment highlights
Excellent Multi-Tenant Location: Highly visible and easily accessible location along Interstate 30 (77,040 AADT), allowing the property to capture significant local and commuter traffic.
Richmond Ranch Shopping Center: Asset is part of the Richmond Ranch Shopping Center, a major Target, Home Depot, Sam’s Club, and Kohl’s-Anchored power center.
Ideal Demographic Base: The five-mile radius serves a populous region of 71,826, with an average annual household income of $78,413 within three miles.
Texarkana College: Beneficial proximity to Texarkana College, with a student body of 3,575 people as well as Texas A&M University – Texarkana (2,112 students).
Christus St. Michael Hospital: One mile from Christus St. Michael Hospital, with 275 full time staffed beds and 2,200 employees.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this multi-tenant asset and Texarkana for steady concurrent growth
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