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29848073
29848074

2314 Hillsboro Blvd, Manchester, TN 37355

CS
CA 01993313
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
BH
AL 000168204-1
Stream Capital Partners
Listed by Stream Capital Partners
$4,306,615
111 days on market
Updated 2 days ago

Panera Bread

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,666
Cap Rate 5.2%
NOI $223,944
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 3, 5 Year
Price per SqFt $1,615
Year Built 2026
Acreage 0.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2026

Retail | 5.20% CAP | 2,666 SqFt

Investment highlights

  • Long Term Commitment: Brand new 15 Year absolute NNN lease structure with 3, 5 year options to extend.

  • Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.

  • Strong Corporate Guarantor: Guaranteed by Panera Bread, a leading national fast-casual restaurant brand with 2,000+ locations nationwide, providing investors with a reliable and stable corporate-backed lease.

  • Well Situated: Strategically located on Hillsboro blvd with immediate access to the I-24 corridor just 60 miles from Nashville, this Panera Bread capitalizes on high-volume commuter traffic and the explosive seasonal demand from the 80,000+ attendees of the nearby Bonnaroo Music & Arts Festival.

  • Strong Surrounding Retail: Positioned within a high-traffic retail node anchored by Walmart, Starbucks, Taco Bell, and Chick-fil-A.

  • Immediate Access from I-24: The site sites at the Hillsboro Blvd exit off I-24 providing access to over 55,000 VPD.

Listing Contacts

CS
CA 01993313
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
BH
AL 000168204-1
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$223,944.00
$18,662.00/mo

Valuation Metrics

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DSCR
5.2%
Cap Rate
5.2%
ROI

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