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Restaurant

Panera Bread

4640 High Pointe Blvd, Harrisburg, PA 17111

Listing Price: $2,560,000

Cap Rate
4.75%
Tenant Name
Panera Bread Company
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.61

Investment Overview

Marcus & Millichap is pleased to present Panera Bread, a truly rare trophy investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in Harrisburg, PA. This location has a corporate guaranteed lease backed by JAB Holding Company. Additionally, this location is ideally located within a Class A regional shopping center and near major roadways and strategically positioned off Interstate 283. The subject property is located just 4 miles from the State Capitol and only 8 miles to the World-Famous Hershey Park. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • NNN Corporate Backed Lease - JAB Holding Company
  • Rent is 20% Less than Concept Average
  • #1 Most Desirable Fast Casual Concept in U.S. - 2,331 Current Locations, 987 Corporate Owned Locations, & Located in 48 States and D.C.
  • Exceptionally Located - Within a 324,332 sq. ft. Class A Regional Shopping Center
  • Ideal Area Demographics - Avg. HH Income: $84,998 - 1 Mile, Median Age of 40.1 Years
  • Harrisburg, PA - Subject Property Located Just 4 Miles Away from State Capitol and 8 Miles from Hershey Park

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Listing Price: $2,560,000

Cap Rate
4.75%
Tenant Name
Panera Bread Company
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.61

Investment Highlights

  • NNN Corporate Backed Lease - JAB Holding Company
  • Rent is 20% Less than Concept Average
  • #1 Most Desirable Fast Casual Concept in U.S. - 2,331 Current Locations, 987 Corporate Owned Locations, & Located in 48 States and D.C.
  • Exceptionally Located - Within a 324,332 sq. ft. Class A Regional Shopping Center
  • Ideal Area Demographics - Avg. HH Income: $84,998 - 1 Mile, Median Age of 40.1 Years
  • Harrisburg, PA - Subject Property Located Just 4 Miles Away from State Capitol and 8 Miles from Hershey Park

Investment Overview

Marcus & Millichap is pleased to present Panera Bread, a truly rare trophy investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in Harrisburg, PA. This location has a corporate guaranteed lease backed by JAB Holding Company. Additionally, this location is ideally located within a Class A regional shopping center and near major roadways and strategically positioned off Interstate 283. The subject property is located just 4 miles from the State Capitol and only 8 miles to the World-Famous Hershey Park. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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