Restaurant
Panera Bread | Rare Relocation Store | 15-Year Absolute NNN
8501 Beechmont Ave, Cincinnati, OH 45255
Listing Price: $3,493,000
Cap Rate
5.75%
Tenant Name
Panera Bread
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
3,900
Lease Type
Absolute Net
Rent Per Square Feet
$51.50
Investment Overview
Marcus & Millichap is pleased to present the Panera in Cincinnati, OH.
Panera Bread | Rare Relocation Store | 15-Year Absolute NNN
Investment Highlights
- 15-Year Absolute NNN Lease with 7% Increases Every 5 Years
- Relocation of High-Performing Inline Store Nearby, Proven Concept in Trade Area
- Largest Panera Franchisee in the U.S. (350+ Locations), Award-Winning and Experienced Operator
- Strong Financials, Lease Guaranteed by CAD Capital, LLC with 50+ Locations
- Brand New High-Quality Construction with a Drive-Thru, Largest Panera Prototype
- Serving Over 117,000 Residents in Growing Cincinnati Suburb
- Average Household Income Exceeds $123,000 within 3 Miles and $117,000 within 5 Miles
- Highly Visible Along Major Commercial Artery with 30,100+ Cars/Day, Easy Access to I-275 with 101,200 Cars/Day
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer
Restaurant
Panera Bread | Rare Relocation Store | 15-Year Absolute NNN
Listing Price: $3,493,000
Cap Rate
5.75%
Tenant Name
Panera Bread
Years Remaining On Lease
14.4
Guarantor
Franchisee Guarantee
Rentable SF
3,900
Lease Type
Absolute Net
Rent Per Square Feet
$51.50
Investment Highlights
- 15-Year Absolute NNN Lease with 7% Increases Every 5 Years
- Relocation of High-Performing Inline Store Nearby, Proven Concept in Trade Area
- Largest Panera Franchisee in the U.S. (350+ Locations), Award-Winning and Experienced Operator
- Strong Financials, Lease Guaranteed by CAD Capital, LLC with 50+ Locations
- Brand New High-Quality Construction with a Drive-Thru, Largest Panera Prototype
- Serving Over 117,000 Residents in Growing Cincinnati Suburb
- Average Household Income Exceeds $123,000 within 3 Miles and $117,000 within 5 Miles
- Highly Visible Along Major Commercial Artery with 30,100+ Cars/Day, Easy Access to I-275 with 101,200 Cars/Day
Investment Overview
Marcus & Millichap is pleased to present the Panera in Cincinnati, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director / Chief Revenue Officer
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