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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

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

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.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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