Panera Bread & Pizza Hut
Single Tenant Master Lease with Multi-Brand Diversity | $5M+ Annual Reported Sales
Marketing description
Landmark Investment Sales is pleased to present a dual-tenant net lease investment (structured as a single lease) anchored by Panera Bread and Pizza Hut, providing proven multi-brand diversity with a passive lease structure. The two operators report $5M+ in annual sales with 20+ years of continuous occupancy and a recently executed 10-year early renewal. At just $18.50 PSF all-in against a market leasing well above $40.00 PSF, the rent basis is significantly below market. The property is an outparcel to a newly redeveloped center anchored by Burlington, Hobby Lobby, Planet Fitness, and Buckle, and adjacent to Jackson Crossings, a 420,238 square foot regional power center drawing 2M+ annual visitors, with direct visibility from I-94 (50,000 VPD).
Investment highlights
- $5,000,000+ Reported Sales
- Significantly Below Market Rent
- Highly Successful Operators
- Long Standing Tenant History
- Recent 10-Year Early Renewal
- Active Submarket with New Growth
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