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Restaurant

Panera Bread | New 15-YR NNN Ground Lease | Double Drive Thru

20670 E Victoria Ln, Queen Creek, AZ 85142

Listing Price: $5,269,000

Cap Rate
4.65%
Tenant Name
Panera, LLC
Years Remaining On Lease
15.3
Gross SF
3,857
Guarantor
Corporate Guarantee
Rentable SF
3,857
Price/Gross SF
$1,366.09
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.52

Investment Overview

Marcus & Millichap is pleased to present for sale Panera Bread in Queen Creek, Arizona. Panera Bread Company is a national bakery-cafe concept. Panera has grown into an enterprise with 2,114 bakery-cafes and annual system-wide sales of over $5 billion. In late 2021, Panera announced a next-generation store redesign featuring a double drive-thru with a dedicated pickup lane and contactless ordering and dine-in with updated kiosks. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 2023 Build - Panera's New NextGen Store Design Featuring Two Drive Thru Lanes
  • 138,384 Residents within a Five-Mile Radius - Phoenix MSA
  • Situated within a Rapidly Growing Trade Area - Population and Households are Projected to Increase Over 24 Percent within a Three-Mile Radius of the Subject Property by 2027
  • Average Household Income Exceeds $134,000 within Three Miles

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Panera Bread | New 15-YR NNN Ground Lease | Double Drive Thru

Listing Price: $5,269,000

Cap Rate
4.65%
Tenant Name
Panera, LLC
Years Remaining On Lease
15.3
Gross SF
3,857
Guarantor
Corporate Guarantee
Rentable SF
3,857
Price/Gross SF
$1,366.09
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.52

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 2023 Build - Panera's New NextGen Store Design Featuring Two Drive Thru Lanes
  • 138,384 Residents within a Five-Mile Radius - Phoenix MSA
  • Situated within a Rapidly Growing Trade Area - Population and Households are Projected to Increase Over 24 Percent within a Three-Mile Radius of the Subject Property by 2027
  • Average Household Income Exceeds $134,000 within Three Miles

Investment Overview

Marcus & Millichap is pleased to present for sale Panera Bread in Queen Creek, Arizona. Panera Bread Company is a national bakery-cafe concept. Panera has grown into an enterprise with 2,114 bakery-cafes and annual system-wide sales of over $5 billion. In late 2021, Panera announced a next-generation store redesign featuring a double drive-thru with a dedicated pickup lane and contactless ordering and dine-in with updated kiosks. Queen Creek is a boom town, with exceptional climate, natural recreational riches and a relaxed, rural lifestyle. Population has doubled since 2010. According to the most recent census, Queen Creek is the number one fastest growing city in the state of Arizona.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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