Listed by SURMOUNT
$2,672,000
Panera Bread
Details
Property Type Retail
Sub Type Restaurant - fast casual
Square Footage 4,300
Cap Rate 5.15%
NOI $137,619
Occupancy 100%
Tenancy Single
Brand/Tenant Panera Bread
Lease Type NNN
Lease Term 15
Lease Expiration 12/31/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2017
Acreage 1.380
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/12/2017
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Panera Bread located at 2880 East Germann Road, Chandler, AZ 85286. The site consists of roughly 4,300 rentable square feet of building space on an estimated 1.38-acre parcel of land. Panera Bread is subject to a 15-year Triple Net (NNN) lease, which commenced 7/12/2017. The current annual rent is $137,619 and has scheduled increases of 8.00% Every 5 Years.
Investment highlights
- Long-Term NNN Lease | Panera Bread operates under a 15-year Triple Net (NNN) lease with no landlord responsibilities.
- Built-In Rental Growth | The lease features attractive 8.00% rental increases every five years throughout the primary term.
- Established National Tenant | Panera Bread is a nationally recognized fast-casual brand with a strong operating history and loyal customer base.
- Large Signalized Pad Site | The 4,300 SF building sits on a sizable 1.38-acre outparcel with excellent visibility and convenient access.
- Premier Chandler Retail Corridor | Positioned within one of Chandler's dominant retail corridors surrounded by major national retailers and restaurants.
- Adjacent To High-Traffic Retail | Nearby retailers include Walmart, Target, PetSmart, Staples, Hobby Lobby, Ross, TJ Maxx, Michaels, and Shell.
- Affluent Consumer Base | Average household incomes exceed $153,000 within three miles, supporting strong retail and dining demand.
- Growing Southeast Valley Market | Over 312,000 residents live within five miles with continued population and household growth projected through 2030.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,619.00
$11,468.25/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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