Restaurant
Corporate Panera (Trophy Location)
2804 Ridge Rd, Rockwall, TX 75032
Listing Price: $4,380,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Panera Bread in Rockwall, TX. The property consists of a 4,487-square-foot, freestanding building that sits on approximately 0.93 acres of land. There are 11.3 years remaining on the lease with 10% rental increases every five years.
Corporate Panera (Trophy Location)
Investment Highlights
- Corporate Ground Lease – 11.3 Years Remaining With 10 Percent Rental Increases Every Five Years
- Signalized Hard Corner at Ridge Road and Interstate 30 (116,135 VPD) with a Drive-Thru
- Affluent Trade Area – Average Household Income of $152,000 Within Five Miles
- 11-Car Drive-Thru Stack Accommodating Strong Peak-Hour Volume
- Strong Population Base of 107,900 Residents Within Five Miles – Projected to Grow Nearly 10 Percent by 2029
- Dominant Retail Corridor Anchored by Walmart, Target, Lowe's, and Other National Credit Tenants
- Proximity to Major Retail Centers and Educational Anchors
Exclusively Listed By
Listing Price: $4,380,000
Investment Highlights
- Corporate Ground Lease – 11.3 Years Remaining With 10 Percent Rental Increases Every Five Years
- Signalized Hard Corner at Ridge Road and Interstate 30 (116,135 VPD) with a Drive-Thru
- Affluent Trade Area – Average Household Income of $152,000 Within Five Miles
- 11-Car Drive-Thru Stack Accommodating Strong Peak-Hour Volume
- Strong Population Base of 107,900 Residents Within Five Miles – Projected to Grow Nearly 10 Percent by 2029
- Dominant Retail Corridor Anchored by Walmart, Target, Lowe's, and Other National Credit Tenants
- Proximity to Major Retail Centers and Educational Anchors
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Panera Bread in Rockwall, TX. The property consists of a 4,487-square-foot, freestanding building that sits on approximately 0.93 acres of land. There are 11.3 years remaining on the lease with 10% rental increases every five years.
Exclusively Listed By
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