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29997166
29997167

1903 Convenience Pl, Champaign, IL 61820

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
JS
FL FL SL3361739
NX3 Commercial Group
EW
FL SL3102045
NX3 Commercial Group
Listed by Bang Realty, NX3 Commercial Group
$3,332,000
11 days on market
Updated 11 days ago

Panera Bread | Top 5% Performer | Corporate Lease Thru 2033

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,980
Cap Rate 6.15%
NOI $204,938
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type NN
Lease Expiration 12/31/2033
Remaining Term 7.6
Rent Bumps Yes
Price per SqFt $669
Year Built 2005
Acreage 1.240
Ground Lease No

Corporate NN Lease | Top 5% Nationwide Performer | Lease Through 2033

Marketing description

NX3 Commercial Group is pleased to present this top-performing Panera Bread located in Champaign, Illinois. The property operates under a corporate-guaranteed NN lease extended through December 2033, providing long-term income stability with minimal landlord responsibilities.

This location ranks in the top 5% of Panera stores nationwide per Placer.ai analytics and generates estimated annual sales of approximately $4.7 million, validating exceptional unit-level performance.

Positioned within Champaign’s dominant retail corridor near Market Place Shopping Center and supported by the 50,000+ University of Illinois population, the property benefits from strong co-tenancy, sustained traffic, and recession-resistant consumer demand.

The lease structure includes 10% rental increases in renewal options, offering built-in long-term income growth.

Investment highlights

Corporate-Guaranteed Lease with 20-Year Operational Track Record

Panera Corporate assumed and extended the lease through December 2033, reinforcing long-term confidence in this top-performing location with nearly two decades of sustained operational success.


Elite National Performance Validated by Placer.ai Analytics

Ranked in the 95th percentile nationwide, this location demonstrates exceptional unit-level economics with estimated annual sales of approximately $4.7 million and consistent customer traffic.


Double Net Lease Structure with Built-In Income Growth

Minimal landlord responsibilities combined with 10% rental increases in renewal options provide predictable long-term income growth and operational simplicity.


Irreplaceable Positioning Within Champaign’s Premier Retail Corridor

Located near Market Place Shopping Center and supported by the 50,000+ University of Illinois population, the asset benefits from dominant co-tenancy and sustained consumer demand.

Listing Contacts

BB
IL 471020548, OH BRK.200900214 (+21)
Bang Realty
JS
FL FL SL3361739
NX3 Commercial Group
EW
FL SL3102045
NX3 Commercial Group
Listed by Bang Realty, NX3 Commercial Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,938.00
$17,078.17/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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Additional Information

Name
Brian Brockman
License
471020548
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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