Restaurant
Panera Bread | New 15-Year Corporate NNN Lease | Pad to Home Depot
320 Ed Schmidt Blvd, Hutto (Austin MSA), TX 78634
Listing Price: $3,991,500
Cap Rate
4.75%
Tenant Name
Panera Bread
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,479
Lease Type
Absolute Net
Rent Per Square Feet
$76.48
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Hutto, TX.
Panera Bread | New 15-Year Corporate NNN Lease | Pad to Home Depot
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 109,500 Residents in Rapidly Growing Suburb to Austin, 27 Miles Northeast of Austin
- Hutto is One of the Fastest Growing Cities in the U.S., 63% Population Growth within 3 Miles from 2020-2024
- Surrounded by Several Residential Developments with 6,443 Homes Under Construction
- Average Household Income Exceeds $119,000 in 1 Mile and $129,000 in 3 Miles
Restaurant
Panera Bread | New 15-Year Corporate NNN Lease | Pad to Home Depot
Listing Price: $3,991,500
Cap Rate
4.75%
Tenant Name
Panera Bread
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,479
Lease Type
Absolute Net
Rent Per Square Feet
$76.48
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 109,500 Residents in Rapidly Growing Suburb to Austin, 27 Miles Northeast of Austin
- Hutto is One of the Fastest Growing Cities in the U.S., 63% Population Growth within 3 Miles from 2020-2024
- Surrounded by Several Residential Developments with 6,443 Homes Under Construction
- Average Household Income Exceeds $119,000 in 1 Mile and $129,000 in 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Hutto, TX.
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