Restaurant
Panera Bread w/ Drive-Thru | 15-Yr. Absolute NNN Corp. Lease
1361 Olympia Fields Dr, Oconomowoc (Milwaukee MSA), WI 53066
Listing Price: $3,824,000
Cap Rate
5.10%
Tenant Name
Panera Bread
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$81.25
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Oconomowoc, WI.
Panera Bread w/ Drive-Thru | 15-Yr. Absolute NNN Corp. Lease
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 for Panera is Approximately $3.5 Million
- Brand New High-Quality Construction with a Drive-Thru
- Serving Over 130,000 Residents in Rapidly Growing Trade Area, 35 Miles East of Milwaukee
- Surrounded by 2,595 Homes Under Construction, Epicenter of Growth for the West Milwaukee Metro "Lakes" Area
- Average Household Income Exceeds $178,000 within 1 and 3 Miles
- Outparcel to Olympia Fields, a $164 Million Class-A Mixed-Use Redevelopment with 340 New Luxury Units, Hotel, Medical Offices, and Entertainment Center
Restaurant
Panera Bread w/ Drive-Thru | 15-Yr. Absolute NNN Corp. Lease
Listing Price: $3,824,000
Cap Rate
5.10%
Tenant Name
Panera Bread
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,400
Lease Type
Absolute Net
Rent Per Square Feet
$81.25
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 for Panera is Approximately $3.5 Million
- Brand New High-Quality Construction with a Drive-Thru
- Serving Over 130,000 Residents in Rapidly Growing Trade Area, 35 Miles East of Milwaukee
- Surrounded by 2,595 Homes Under Construction, Epicenter of Growth for the West Milwaukee Metro "Lakes" Area
- Average Household Income Exceeds $178,000 within 1 and 3 Miles
- Outparcel to Olympia Fields, a $164 Million Class-A Mixed-Use Redevelopment with 340 New Luxury Units, Hotel, Medical Offices, and Entertainment Center
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Oconomowoc, WI.
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