Listed by Matthews
$3,000,000
Panera Bread | Lebanon, TN
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,500
Cap Rate 6.40%
NOI $192,400
Tenancy Single
Brand/Tenant Panera Bread
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $667
Year Built 2017
Acreage 1.010
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/27/2017
Ground Lease No
6.40% Cap | Recent Renewal | Nashville MSA
Investment highlights
- Recent 5-Year Renewal | History of Operational Success – Panera recently exercised their first renewal option, demonstrating continued site-level commitment and profitability.
- Premier Location in Nashville MSA – Walmart outparcel located across from Lowe's, with traffic counts exceeding 24,000 VPD.
- Fastest Growing County in TN – Wilson County has experienced sustained growth as one of Nashville's premier suburbs, supporting annual population growth of approximately 3.1%.
- Large Building & Parcel – 4,000 SF building (approximately) situated on 1.01 acres. Future owners have limited reuse options.
- Rental Increases – Lease includes scheduled 10% rent increases every 5 years and at each option period.
- Corporate Guaranty – Panera was acquired by JAB Holding Company in 2017 for $7.5 billion. JAB operates over 2,187 Panera Bread locations in the United States, as well as Einstein Bros. Bagels, Caribou Coffee, and Krispy Kreme.
- Nashville MSA – One of the nation's hottest tourism destinations, with annual GDP exceeding $204.9 billion. In-N-Out Burger recently relocated its national headquarters to Middle Tennessee.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$192,400.00
$16,033.33/mo
Valuation Metrics
0
DSCR
6.41%
Cap Rate
6.41%
ROI
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