Vacant-User
Panera Bread
1605 N Rock Rd, Wichita, KS 67206
Listing Price: $3,995,000
Cap Rate
5.51%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$807.07
Lot Size
0.81 acres
Year Built
1983
Investment Overview
1605 N Rock Rd., Wichita, KS
Panera Bread
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES: 20-Year Absolute NNN Lease With 12.3 Years Remaining. Guaranteed By PAN AMERICAN GROUP LLC With No Landlord Responsibilities.
- SCHEDULED RENTAL GROWTH & RENEWAL OPTIONS: 7.5% Rental Increases Every Five Years With Four (4) Five-Year Renewal Options.
- PREMIER RETAIL LOCATION IN WICHITA'S DOMINANT COMMERCIAL CORRIDOR: Positioned in One Of Wichita's Highest Traffic Retail Corridors. The Area Hosts Include Target, Lowe's, DICK's Sporting Goods, etc.
- PANERA BREAD | 2,232 UNITS · $6.5B SALES IN 2024: Founded In 1987 And Acquired By JAB Holding Company In 2017, Panera Bread Operates More Than 2,200 Locations Across The U.S. And Canada. In 2024, The Company Reported $6.456 Billion In U.S. Sales Across 2,232 Units, Ranking Among The Top Fast-Casual Restaurant Brands Nationally.
- WICHITA, KS | LARGEST CITY IN KANSAS · MSA GDP $37.75 BILLION: Wichita Is Kansas' Largest City And The Principal Economic Hub Of The South-Central Region. The Wichita MSA Has A Population Of 661,217 As Of 2024. The Region Includes 10 Counties And Is Projected To Surpass 870,000 Residents By 2035. Wichita Dwight D. Eisenhower National Airport Served More Than 1.7 Million Passengers In 2024.
Broker of Record
Financing By
Listing Price: $3,995,000
Cap Rate
5.51%
Gross SF
4,950
Rentable SF
4,950
Price/Gross SF
$807.07
Lot Size
0.81 acres
Year Built
1983
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES: 20-Year Absolute NNN Lease With 12.3 Years Remaining. Guaranteed By PAN AMERICAN GROUP LLC With No Landlord Responsibilities.
- SCHEDULED RENTAL GROWTH & RENEWAL OPTIONS: 7.5% Rental Increases Every Five Years With Four (4) Five-Year Renewal Options.
- PREMIER RETAIL LOCATION IN WICHITA'S DOMINANT COMMERCIAL CORRIDOR: Positioned in One Of Wichita's Highest Traffic Retail Corridors. The Area Hosts Include Target, Lowe's, DICK's Sporting Goods, etc.
- PANERA BREAD | 2,232 UNITS · $6.5B SALES IN 2024: Founded In 1987 And Acquired By JAB Holding Company In 2017, Panera Bread Operates More Than 2,200 Locations Across The U.S. And Canada. In 2024, The Company Reported $6.456 Billion In U.S. Sales Across 2,232 Units, Ranking Among The Top Fast-Casual Restaurant Brands Nationally.
- WICHITA, KS | LARGEST CITY IN KANSAS · MSA GDP $37.75 BILLION: Wichita Is Kansas' Largest City And The Principal Economic Hub Of The South-Central Region. The Wichita MSA Has A Population Of 661,217 As Of 2024. The Region Includes 10 Counties And Is Projected To Surpass 870,000 Residents By 2035. Wichita Dwight D. Eisenhower National Airport Served More Than 1.7 Million Passengers In 2024.
Investment Overview
1605 N Rock Rd., Wichita, KS
Broker of Record
Financing By
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