Listed by Atlantic Capital Partners
$2,942,000
Panera Bread | Greenville, SC
Details
APN 1481102004
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,729
Net Rentable (SqFt) 2,615
Units 1
Cap Rate 5.4%
NOI $158,861
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP, Jack in the Box
Lease Term 15
Lease Expiration 07/31/2040
Remaining Term 14.2
Rent Bumps Yes
Lease Options 3 x 5-year options
Class A
Year Built 2025
Stories 1
Acreage 1.050
Investment Type Net Lease
Lease Commencement 08/08/2025
Ground Lease No
5.4% CAP | New Construction | Long Term Lease
Investment highlights
ATTRACTIVE LEASE FUNDAMENTALS
- 8% rent increase every 5 years and during options periods
- Absolute NNN providing no Landlord Responsibilities
- 15 Year Lease with Three (3) - Five (5) year option periods
STRONG CORPORATE GUARANTEE
- Corporate Guarantee from Panera, LLC
- JAB Holdings acquired Panera, LLC in 2017 for $7.5 billion dollars
- There are over 2,100+ Panera Bread locations operating across the United States and Canada
NEW CONSTRUCTION
- The site is set to open in the fall of 2025, and the property is the tenant’s newest prototype which includes a drive-thru
HIGH GROWTH UPSTATE SC
- Over 25+ colleges and universities in the Upstate region providing ~28K graduates to the workforce each year
- Greenville, SC and the upstate area has had over $11B of capital investment in the trailing 3 years
- 13.5% population growth since 2014
POSITIONED IN DENSE RETAIL NODE
- Fronting E. Greenville St - over 23K Cars per day
- Within a 1-mile radius of the subject site is more than 468K SF of retail space
- Nearby national retailers include: Publix Supermarket, Walmart Neighborhood Market, Dollar Tree, Goodwill, and more
IMMEDIATE NEARBY MARKET DRIVERS
- Just 0.4 miles south of the site is McCants Middle School which has more than 560 students enrolled
- 0.8 Miles south of the site is the NHC Healthcare Anderson Hospital which has around 300 beds and serves as a nursing home and hospital
- 0.8 Miles north of the site is the Anmed Medical Center with over 450 beds for acute care
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$158,861.00
$13,238.42/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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