Listed by Atlantic Capital Partners
$3,693,000
Panera Bread | Duncan, SC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,600
Net Rentable (SqFt) 2,600
Cap Rate 5.15%
NOI $190,190
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's, Chipotle
Lease Type Absolute NNN
Lease Term 15.4
Lease Expiration 12/31/2041
Remaining Term 15.4
Rent Bumps Yes
Lease Options 3 x 5 year options
Class A
Year Built 2026
Buildings 1
Acreage 0.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/10/2026
Ground Lease No
5.15% CAP | BRAND NEW CORP ABS NNN LEASE
Investment highlights
ATTRACTIVE LEASE FUNDAMENTALS
- 8% rent increase every 5 years and during option periods
- Absolute NNN providing no Landlord Responsibilities
- 15 Year Lease with three (3) five-year option periods
STRONG CORPORATE GUARANTEE
- Corporate Guarantee from Panera, LLC
- JAB Holdings acquired Panera, LLC in 2017 for $7.5 billion dollars
- There are over 2,200 Panera Bread locations operating across the United States and Canada
NEW CONSTRUCTION
- The site is set to open in 2026, and the property is the tenant's newest prototype which includes a drive-thru
- Site is located in a market where retail vacancy within a mile is below 1%
POSITIONED ALONG I-85 CORRIDOR
- Positioned on E Main St (SC-290), a primary east-west commercial artery directly connecting Duncan to the I-85 interchange, one of the Southeast's most heavily traveled freight and commuter corridors
IMMEDIATE NEARBY MARKET DRIVERS
- Sits within 8 miles of Spartanburg, 10 miles of Greer, and 20 miles of Greenville, capturing consumer demand from the entire northern Greenville-Spartanburg MSA
HIGH-GROWTH MSA
- Spartanburg County is among the fastest-growing counties in SC
- Spartanburg County grew ~12% from 2010–2020
- The world's largest BMW manufacturing plant by volume is located in Greer, SC
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,190.00
$15,849.17/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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