Restaurant
Panera Bread | New 15-Year Corporate NNN Lease
222 E 175th St, Westfield (Indianapolis MSA), IN 46074
Listing Price: $4,815,200
Cap Rate
5.25%
Tenant Name
Panera Bread
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Absolute Net
Rent Per Square Feet
$79.00
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Westfield, Indiana.
Panera Bread | New 15-Year Corporate NNN Lease
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC (2,239+ Locations and $6.12 Billion in Revenue)
- Average Unit-Level Sales for Panera are Approximately $3.3 Million
- Brand New High-Quality Construction, Modern Prototype Design with a Drive-Thru
- Serving Over 112,000 Residents in Rapidly Growing Suburb to Indianapolis
- Westfield is One of the Fastest Growing Cities in the U.S., 35%+ Population Growth Since 2020
- Surrounded by Several Residential Developments with 8,800 New Homes
- Average Household Income Exceeds $150,000 within 1 and 3 Miles and $162,000 within 5 Miles
Restaurant
Panera Bread | New 15-Year Corporate NNN Lease
Listing Price: $4,815,200
Cap Rate
5.25%
Tenant Name
Panera Bread
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
3,200
Lease Type
Absolute Net
Rent Per Square Feet
$79.00
Investment Highlights
- 15-Year Absolute NNN Lease with 8% Increases Every 5 Years
- Corporate Guaranty by Panera, LLC (2,239+ Locations and $6.12 Billion in Revenue)
- Average Unit-Level Sales for Panera are Approximately $3.3 Million
- Brand New High-Quality Construction, Modern Prototype Design with a Drive-Thru
- Serving Over 112,000 Residents in Rapidly Growing Suburb to Indianapolis
- Westfield is One of the Fastest Growing Cities in the U.S., 35%+ Population Growth Since 2020
- Surrounded by Several Residential Developments with 8,800 New Homes
- Average Household Income Exceeds $150,000 within 1 and 3 Miles and $162,000 within 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Panera Bread in Westfield, Indiana.
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