www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29494229
29494230

160 Coolridge St, Hendersonville, NC 28792 For Sale

BW
CA 02146707
Matthews
MF
CA 02252167
Matthews
Listed by Matthews
$3,662,470
10 days on market
Updated 10 days ago
Opportunity zone

Panera Bread

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,116
Cap Rate 5.75%
NOI $210,592
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Expiration 12/31/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options 3, 5-year options
Price per SqFt $890
Year Built 2021
Buildings 1
Acreage 2.000
Investment Type Stabilized

Irreplaceable Market Positioning – Property is situated along the prime retail corridor in the city

Investment highlights

  • Irreplaceable Market Positioning – Property is situated along the prime retail corridor in the city with daily traffic counts that exceed ±36,000 VPD and strong retail synergy that drives consistent consumer exposure and long-term security.

  • On-Site Tesla Ev Chargers – The property features 12 on-site Tesla Superchargers that contribute directly to NOI, providing an additional diversified income stream. As the only Tesla charging location in the city, the site benefits from a unique competitive advantage and consistent high-dwell traffic. Continued national growth in EV adoption further enhances the long-term relevance and desirability of the property relative to competing retail locations.

  • Long Term NNN Lease – With approximately ±10 years remaining on the Panera Bread lease, investors benefit from extended income certainty.

  • Proximity To National Tenants – Property is strategically located in the city’s main retail corridor with proximity to national retailers like Home Depot, Lowes, Aldi, Tractor Supply, McDonald’s and more.

  • Nationally Recognized Tenant – Panera Bread is a nationally known fast-casual brand with over 2,000 locations nationwide, providing strong brand recognition and proven scalability.

  • Strong Guaranty From Largest Panera Bread Franchisee – Covelli Enterprises is recognized as one of the best Panera Bread franchisees in the country, operating ±300 locations across 8 states.

Listing Contacts

BW
CA 02146707
Matthews
MF
CA 02252167
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,592.00
$17,549.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Gerard Hamas
License
362768, C42113 (NC)
Brokerage
Matthews of North Carolina, LLC
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591