Restaurant

Panera Bread | New 15-Year Corporate Lease

6551 96th Avenue North, Brooklyn Park (Minneapolis MSA), MN 55443

Listing Price: $3,968,000

Cap Rate
5.00%
Years Remaining On Lease
14.20
Gross SF
4,313
Guarantor
Corporate Guarantee
Rentable SF
4,313
Price/Gross SF
$920.01
Rent Per Square Feet
$46.00

Investment Overview

Marcus & Millichap is pleased to present the new Panera in Brooklyn Park, Minnesota

Investment Highlights

  • Over 212,000 Residents in Growing Minneapolis Suburb
  • Nearby Several Large Residential, Office, Retail, Tech, and Industrial Developments
  • Average HHI Exceeds $109,000 within 1 Mile, Surrounded by Affluent Neighborhoods
  • Highly Visible to Over 86,000 Cars/Day Along Hwy. 610, Signalized Intersection
  • 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guaranty, 2,360 Locations with Approximately $6 Billion in Sales
  • Brand New 2019 Construction with a Drive-Thru

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): MN: 40583288

    Minnesota

Listing Price: $3,968,000

Cap Rate
5.00%
Years Remaining On Lease
14.20
Gross SF
4,313
Guarantor
Corporate Guarantee
Rentable SF
4,313
Price/Gross SF
$920.01
Rent Per Square Feet
$46.00

Investment Highlights

  • Over 212,000 Residents in Growing Minneapolis Suburb
  • Nearby Several Large Residential, Office, Retail, Tech, and Industrial Developments
  • Average HHI Exceeds $109,000 within 1 Mile, Surrounded by Affluent Neighborhoods
  • Highly Visible to Over 86,000 Cars/Day Along Hwy. 610, Signalized Intersection
  • 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
  • Corporate Guaranty, 2,360 Locations with Approximately $6 Billion in Sales
  • Brand New 2019 Construction with a Drive-Thru

Investment Overview

Marcus & Millichap is pleased to present the new Panera in Brooklyn Park, Minnesota

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): MN: 40583288

    Minnesota

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