Restaurant
Panera Bread
6741 Courthouse Lndg Ln, Richmond, VA 23237
Listing Price: $3,476,040
Investment Overview
Marcus & Millichap is pleased to present an investment opportunity in a brand-new, corporate sale leaseback Panera Bread located in Richmond, Virginia. This offering features a 15-year, corporate-guaranteed triple net (NNN) lease with 8% rent increases every five years and zero landlord responsibilities—making it an ideal vehicle for passive income. The lease will commence upon close of escrow.
The lease is guaranteed by Panera LLC, one of the most well-recognized and established fast-casual dining concepts in the United States, providing strong credit backing for the investment.
Strategically positioned within Courthouse Landing—a high-visibility, mixed-use development corridor—the property benefits from exceptional exposure to over 85,000 vehicles per day and proximity to national retailers including Walmart, Lidl, Lowe’s, CVS, and Starbucks. Its location near key infrastructure such as the Chesterfield County Courthouse and Airport further supports long-term stability and relevance.
The site sits on 1.18 acres and includes a 3,200-square-foot modern prototype building, scheduled for completion in Q4 2025. Featuring a contemporary layout and strong national branding, the property reflects Panera’s ongoing evolution under JAB Holdings, which has led strategic, tech-enabled growth through Panera Brands.
Demographically, the asset is located within a growing and affluent trade area. The 10-mile radius includes over 385,000 residents, with average household incomes exceeding $92,000 and population growth projected at nearly 3% over the next five years. Nearby educational and healthcare institutions further drive consistent daytime traffic, reinforcing Panera’s customer base.
Panera Bread
Investment Highlights
- Brand-New, 15-Year NNN Lease – Commences Upon Close of Escrow, Offering Zero Landlord Responsibilities and Built-In 8% Rent Increases Every 5 Years
- Strong Corporate Guaranty with Panera LLC, a Well-Established National Brand with Over 2,200 Locations and Part of the $130B JAB Holdings Portfolio
- New Construction (Q4 2025) – Build-to-Suit Location Delivering in 2025, Ensuring Modern Design Standards and Low Maintenance Costs
- Built-In Growth & Exit Flexibility – 4, 5-Year Renewal Options and Future Rent Increases Enhance Income Stability and Resale Potential
- Located in Courthouse Landing – Part of a Newly Developed Mixed-Use Project Featuring National Retailers, Restaurants, Hotels, and Residential Housing
- Excellent Demographics – Over 385,000 Residents Within 10 Miles and an Average Household Income Exceeding $98,000 Within 3 Miles
- High Traffic Counts – Positioned at a Signalized Intersection with Combined Traffic Counts Exceeding 85,000 Vehicles Per Day
- Proximity to Key Institutions – Near Major Schools with Nearly 5,000 Students and Healthcare Facilities Including HCA Virginia and Bon Secours
Listing Price: $3,476,040
Investment Highlights
- Brand-New, 15-Year NNN Lease – Commences Upon Close of Escrow, Offering Zero Landlord Responsibilities and Built-In 8% Rent Increases Every 5 Years
- Strong Corporate Guaranty with Panera LLC, a Well-Established National Brand with Over 2,200 Locations and Part of the $130B JAB Holdings Portfolio
- New Construction (Q4 2025) – Build-to-Suit Location Delivering in 2025, Ensuring Modern Design Standards and Low Maintenance Costs
- Built-In Growth & Exit Flexibility – 4, 5-Year Renewal Options and Future Rent Increases Enhance Income Stability and Resale Potential
- Located in Courthouse Landing – Part of a Newly Developed Mixed-Use Project Featuring National Retailers, Restaurants, Hotels, and Residential Housing
- Excellent Demographics – Over 385,000 Residents Within 10 Miles and an Average Household Income Exceeding $98,000 Within 3 Miles
- High Traffic Counts – Positioned at a Signalized Intersection with Combined Traffic Counts Exceeding 85,000 Vehicles Per Day
- Proximity to Key Institutions – Near Major Schools with Nearly 5,000 Students and Healthcare Facilities Including HCA Virginia and Bon Secours
Investment Overview
Marcus & Millichap is pleased to present an investment opportunity in a brand-new, corporate sale leaseback Panera Bread located in Richmond, Virginia. This offering features a 15-year, corporate-guaranteed triple net (NNN) lease with 8% rent increases every five years and zero landlord responsibilities—making it an ideal vehicle for passive income. The lease will commence upon close of escrow. The lease is guaranteed by Panera LLC, one of the most well-recognized and established fast-casual dining concepts in the United States, providing strong credit backing for the investment. Strategically positioned within Courthouse Landing—a high-visibility, mixed-use development corridor—the property benefits from exceptional exposure to over 85,000 vehicles per day and proximity to national retailers including Walmart, Lidl, Lowe’s, CVS, and Starbucks. Its location near key infrastructure such as the Chesterfield County Courthouse and Airport further supports long-term stability and relevance. The site sits on 1.18 acres and includes a 3,200-square-foot modern prototype building, scheduled for completion in Q4 2025. Featuring a contemporary layout and strong national branding, the property reflects Panera’s ongoing evolution under JAB Holdings, which has led strategic, tech-enabled growth through Panera Brands. Demographically, the asset is located within a growing and affluent trade area. The 10-mile radius includes over 385,000 residents, with average household incomes exceeding $92,000 and population growth projected at nearly 3% over the next five years. Nearby educational and healthcare institutions further drive consistent daytime traffic, reinforcing Panera’s customer base.
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