Restaurant
Panera Bread with Drive-Thru | New Corporate 15-Yr. NNN
1495 E 7th St, Monticello (Minneapolis MSA), MN 55362
Listing Price: $3,384,000
Cap Rate
5.00%
Tenant Name
Panera Bread
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$70.50
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Monticello, MN.
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
- Average Unit-Level Sales of Nearly $3.5 Million, Equates to a Rent-to-Sales Ratio Less Than 5%
- Brand New High-Quality Construction with a Drive-Thru
- Outparcel to Super Target, Home Depot, Marshall's, and Petsmart Anchored Power Center
- Serving Over 121,800 Residents in Rapidly Growing Suburb to Minneapolis
- Surrounded by Several Residential Developments, Wright County is the Fastest Growing County in Minnesota
- Strong Average Household Incomes Exceeds $93,000 in 3 Miles and $100,000 in 5 Miles
Restaurant
Panera Bread with Drive-Thru | New Corporate 15-Yr. NNN
Listing Price: $3,384,000
Cap Rate
5.00%
Tenant Name
Panera Bread
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$70.50
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC, 2,216+ Locations and $6.45 Billion in Revenue
- Average Unit-Level Sales of Nearly $3.5 Million, Equates to a Rent-to-Sales Ratio Less Than 5%
- Brand New High-Quality Construction with a Drive-Thru
- Outparcel to Super Target, Home Depot, Marshall's, and Petsmart Anchored Power Center
- Serving Over 121,800 Residents in Rapidly Growing Suburb to Minneapolis
- Surrounded by Several Residential Developments, Wright County is the Fastest Growing County in Minnesota
- Strong Average Household Incomes Exceeds $93,000 in 3 Miles and $100,000 in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Monticello, MN.

