Listed by SRS Real Estate Partners Tampa
$2,956,500
Panera Bread - Cleveland (Amherst) OH
Details
APN 05-00-001-000-259
Property Type Retail
Sub Type Restaurant
Square Footage 5,687
Cap Rate 5.75%
NOI $170,000
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type Absolute NNN
Lease Term 10
Rent Bumps Yes
Lease Options 4 (5-Year)
Year Built 2010
Acreage 1.120
Zoning Commercial: Restaurant, Bar, Food Services
Parking Spaces 88 spaces
Parking per 1,000 SqFt 15.47
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Single Tenant Absolute NNN Investment Opportunity
Investment highlights
- Brand New 10-Year Lease | Largest Panera Franchisee |7.50% Rental Increases | Options To Extend
- Absolute NNN | Fee Simple Ownership |Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Surrounding Big Box Retailers
- Excellent Visibility From State Hwy 2 (54,400 VPD ) | Deerfield Town Center Outparcel | Amherst Marketplace
- Strong Demographics | Cleveland MSA
Listing Contacts
Listed by SRS Real Estate Partners Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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