Listed by SRS Real Estate Partners Phoenix, SRS Real Estate Partners Newport Beach
$3,271,000
Panera Bread
Details
APN 087-133-06-0-11-01-001.01
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,950
Cap Rate 5.15%
NOI $168,470
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/30/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Year Built 2021
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.950
Zoning CUP - Conditional Use Permit
Parking Spaces 45 spaces
Parking Per SqFt 11.39
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/30/2024
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.15% CAP | 3,950 SqFt
Investment highlights
- Operated By Flynn Restaurant Group | Options To Extend | Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- NewMarket Square | Central Park Plaza | Dense Retail Corridor
- Strong Demographics In The Immediate Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Phoenix, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,470.00
$14,039.17/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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