Panera Bread Portfolio | 3 Locations in IL
Price Reduced $202K | 3-Location Corporate Panera Portfolio | 6.06% Blended Cap Rate
Marketing description
NX3 Commercial Group is pleased to present the exclusive opportunity to acquire a three-property Panera Bread portfolio located in Champaign, Peoria, and Springfield, Illinois.
Each property operates under a corporate-guaranteed double-net (NN) lease with terms extending through December 31, 2033 and built-in 10% rental increases every five years. The portfolio offers investors stable in-place income, predictable NOI growth, and minimal landlord responsibilities.
All three locations have successfully operated for more than two decades and were directly assumed by Panera Corporate, reinforcing the tenant’s long-term commitment to each market. The assets are strategically positioned within strong regional retail corridors supported by major universities, healthcare systems, and government employment drivers.
The offering is available at a reduced portfolio price of $7,975,000 reflecting a 6.06% blended cap rate and combined NOI of $483,483.
Properties may be purchased individually or as a portfolio.
Investment highlights
• Corporate-guaranteed Panera Bread leases across all three locations
• Lease terms extend through December 31, 2033 providing long-term income stability
• Attractive 6.06% blended cap rate with reduced portfolio pricing of $7,975,000
• 10% rental increases every five years with the next scheduled escalation in January 2029
• Proven operating history with each location successfully serving their markets for 20+ years
• Double-net (NN) lease structure minimizes landlord responsibilities
• Strategically positioned in stable Illinois markets supported by universities, healthcare systems, and government employment
• Top-performing store locations with strong customer traffic and established regional presence
• Can be acquired individually or as a portfolio
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