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Restaurant

Panera Bread

3075 Sachem Blvd, West Lafayette, IN 47906

Listing Price: $3,549,817

Cap Rate
4.75%
Tenant Name
Panera LLC
Guarantor
Corporate Guarantee
Rentable SF
3,498
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new Panera Bread located at 3075 Sachem Boulevard in West Lafayette, IN. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 3,498 rentable square feet of building space on estimated 1.90-acre parcel of land. The café is scheduled to open in November 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 $168,616 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years.

Investment Highlights

  • Brand New Construction; Estimated Opening Date November 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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $3,549,817

Cap Rate
4.75%
Tenant Name
Panera LLC
Guarantor
Corporate Guarantee
Rentable SF
3,498
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$48.20

Investment Highlights

  • Brand New Construction; Estimated Opening Date November 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 3075 Sachem Boulevard in West Lafayette, IN. This is a rare investment opportunity to participate in a direct sale leaseback with Panera Bread. The newly constructed site will consist of roughly 3,498 rentable square feet of building space on estimated 1.90-acre parcel of land. The café is scheduled to open in November 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 $168,616 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be four (4), five (5)-year tenant renewal options, extending the total possible lease term to 35 years.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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