Panera Bread
Retail | 5.25% CAP | 2,980 SqFt
Investment highlights
• Desirable lease term | New 15-year term
• Absolute net lease | Zero landlord responsibilities
• Corporate lease | Panera, LLC | 2,200 locations
• Drive-thru included | Enhances convenience and sales volume
• Located off Chesapeake Expressway | 39,000 VPD
• Strategically located as an outparcel to Target
• Large parcel | 1.30 acres
• Located near the #1 ranked Wawa in Virginia | Ranks in the 98th percentile nationwide via Placer.ai
• Explosive population growth within 1-mile | 191.06% from 2010-2025
• Affluent surrounding area | $187,867 average household income within a 1-mile radius
• 10 minutes from Chesapeake Regional Medical Center | 310 beds
• 20 minutes from Regent University | 14,000 students
• Located within five minutes of three schools totaling over 3,700 students
• Located near a top-performing Home Depot | Ranks in the 97th percentile nationwide via Placer.ai
• Nearby destination retailers | Walmart Supercenter, Target, Harris Teeter, Home Depot, Cracker Barrel, Buffalo Wild Wings, Starbucks, Chick-fil-A, McDonald’s, Dunkin’, Zaxby’s, Wendy’s, Taco Bell, Arby’s, Wawa, and more
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