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Restaurant

Panera Bread

30205 Mound Rd, Warren, MI 48092

Listing Price: $2,873,634

Cap Rate
4.75%
Tenant Name
Panera LLC
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.02

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Panera Bread located at 30205 Mound Road in Warren, MI. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 4,400 rentable square feet of building space on estimated 0.33-acre parcel of land. The café is scheduled to open in July of 2022. Panera, LLC, the corporate operating entity, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $136,498 and will increase by eight percent (8.0%) every five years throughout the term of the lease and in each option period. There will be four, five -year tenant renewal options, extending the total possible leas

Investment Highlights

  • Brand New Construction; Estimated Opening Date July 2022
  • Increased Drive Thru Capacity | Property Features a Double-Lane Drive Thru
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Restaurant

Panera Bread

Listing Price: $2,873,634

Cap Rate
4.75%
Tenant Name
Panera LLC
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.02

Investment Highlights

  • Brand New Construction; Estimated Opening Date July 2022
  • Increased Drive Thru Capacity | Property Features a Double-Lane Drive Thru
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Panera Bread located at 30205 Mound Road in Warren, MI. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 4,400 rentable square feet of building space on estimated 0.33-acre parcel of land. The café is scheduled to open in July of 2022. Panera, LLC, the corporate operating entity, will enter into a brand new 15-year triple-net (NNN) sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $136,498 and will increase by eight percent (8.0%) every five years throughout the term of the lease and in each option period. There will be four, five -year tenant renewal options, extending the total possible leas

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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