Restaurant
Panera Bread
350 Mary Esther Blvd, Mary Esther, FL 32569
Listing Price: $2,895,365
Cap Rate
6.15%
Tenant Name
Panera
Years Remaining On Lease
3.2
Gross SF
4,662
Guarantor
Corporate Guarantee
Rentable SF
4,662
Price/Gross SF
$621.06
Lease Type
NNN Ground Lease
Rent Per Square Feet
$38.19
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Panera Bread in Mary Esther, FL.
Panera Bread
Investment Highlights
- 2008 Build to Suit for Panera Bread | Outparcel to Santa Rosa Mall With Drive-Thru and Outdoor Seating | 4,662-SF Building on a +/-0.53 Acre Parcel
- 3+ Years Remaining on an Absolute Net Ground Lease | No Landlord Responsibilities | 10% Rental Increases in Each of Three, 5-Year Renewal Options | Corporately Guaranteed Lease
- Property Features a Drive Thru With Separate Exit, Outdoor Patio Seating and a Large Parking Lot With 20 Total Spaces | Two Points of Ingress and Egress
- Outparcel to Santa Rosa Mall in a Dense Retail, Office and Residential Corridor | Mall is Undergoing Multi-Phase Development Project Converting Vacant Space into Modern Mixed-Use Spaces
- High Visibility Along Mary Esther Blvd on a Hard, Signalized Corner With a Dedicated Turn Lane and Access From Both Traffic Directions | 24,500+ Vehicles Per Day
- Proximity to Multiple National Tenants Including Starbucks, Target, McDonald's, Planet Fitness, Subway, Smoothie King, Piggly Wiggly, Longhorn Steakhouse, Wendy's, Sonic, Taco Bell and Many More
- 2.5 Miles From Hurlburt Field Air Force Base, With 7,900+ Active Duty and 17,00+ Civilian Employees | 8 Miles From Eglin Air Force Base, The Largest Air Force Base in The World and a Major Command Base With Over 19,000 Personnel
- 5 Miles From Okaloosa Island and Multiple Beaches Within The Florida Panhandle | Population of 68,900+ Within 5-Miles and Projected to Grow Through 2029 | Unemployment is Below 2% Within 1-Mile
Exclusively Listed By
Financing By
Listing Price: $2,895,365
Cap Rate
6.15%
Tenant Name
Panera
Years Remaining On Lease
3.2
Gross SF
4,662
Guarantor
Corporate Guarantee
Rentable SF
4,662
Price/Gross SF
$621.06
Lease Type
NNN Ground Lease
Rent Per Square Feet
$38.19
Investment Highlights
- 2008 Build to Suit for Panera Bread | Outparcel to Santa Rosa Mall With Drive-Thru and Outdoor Seating | 4,662-SF Building on a +/-0.53 Acre Parcel
- 3+ Years Remaining on an Absolute Net Ground Lease | No Landlord Responsibilities | 10% Rental Increases in Each of Three, 5-Year Renewal Options | Corporately Guaranteed Lease
- Property Features a Drive Thru With Separate Exit, Outdoor Patio Seating and a Large Parking Lot With 20 Total Spaces | Two Points of Ingress and Egress
- Outparcel to Santa Rosa Mall in a Dense Retail, Office and Residential Corridor | Mall is Undergoing Multi-Phase Development Project Converting Vacant Space into Modern Mixed-Use Spaces
- High Visibility Along Mary Esther Blvd on a Hard, Signalized Corner With a Dedicated Turn Lane and Access From Both Traffic Directions | 24,500+ Vehicles Per Day
- Proximity to Multiple National Tenants Including Starbucks, Target, McDonald's, Planet Fitness, Subway, Smoothie King, Piggly Wiggly, Longhorn Steakhouse, Wendy's, Sonic, Taco Bell and Many More
- 2.5 Miles From Hurlburt Field Air Force Base, With 7,900+ Active Duty and 17,00+ Civilian Employees | 8 Miles From Eglin Air Force Base, The Largest Air Force Base in The World and a Major Command Base With Over 19,000 Personnel
- 5 Miles From Okaloosa Island and Multiple Beaches Within The Florida Panhandle | Population of 68,900+ Within 5-Miles and Projected to Grow Through 2029 | Unemployment is Below 2% Within 1-Mile
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Panera Bread in Mary Esther, FL.
Exclusively Listed By
Financing By
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