Listed by Trinity Real Estate Investment Services
$4,700,000
Panera Bread
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,925
Cap Rate 4.8%
NOI $225,750
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Wendy's
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options Four (4), 5-Year; 7.5%
Price per SqFt $954
Year Built 2018
Acreage 1.980
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 4.85% CAP | 4,925 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to a Panera Bread in Davenport, FL. This property features an Absolute NNN Lease with zero landlord responsibilities, over 10.5 years remaining on the primary term, and ranks in the top 94% of Panera Bread locations citywide and top 85% nationwide, underscoring exceptional store performance.
Property Website: https://trinityreis.com/listing/8190-laura-lane/
In cooperation with Brian Brockman at Bang Realty-Naples, Inc | FL #BK3327646 | [email protected] | (513) 898-1551
Investment highlights
- Panera Bread in Davenport, FL With 10.5+ Years Remaining on Primary Term
- Ranked in the Top 94% of Panera Bread Locations Citywide and Top 85% Nationwide, Reflecting Exceptional Store Performance
- Absolute NNN Lease – Zero Landlord Responsibilities
- 7.5% Rent Increases Every 5 Years
- Situated Directly Off Interstate 4 (141,000 VPD) Along Champions Gate Boulevard (30,000+ VPD)
- Explosive Growth Corridor – 5-Mile Population Grew 200% Since 2010 and Projected to Grow Another 17.85% by 2030
- Prime Location Within a Thriving Retail Corridor Anchored by Well‑Established National Brands, Including Publix, Circle K, Chili’s, Walgreens, McDonald’s, and Olive Garden
- Strong Growth Trends Supported by Surrounding Upscale Residential Neighborhoods and Additional Communities Under Development
- Affluent Orlando Suburb With a 5-Mile Population of 93,000 and Avg. Household Incomes of $108K+
- Davenport and ChampionsGate, Part of the Orlando Metro, Thrive on Tourism, Residential Growth, and Continued Development
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,750.00
$18,812.50/mo
Valuation Metrics
0
DSCR
4.8%
Cap Rate
4.8%
ROI
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