Skip to main content

Restaurant

Panera Bread

923 NW Sheridan Rd, Lawton, OK 73505

Listing Price: $4,572,760

Cap Rate
5.00%
Tenant Name
Panera LLC
Gross SF
4,355
Guarantor
Corporate Guarantee
Rentable SF
4,355
Price/Gross SF
$1,050.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.50

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new build-to-suit Panera Bread located at 807 NW Sheridan Road in Lawton, OK. This site will consist of approximately 4,355 rentable square feet of building space on estimated 1.28-acre parcel of land. The caf is scheduled to open in April 2021.
The initial annual rent will be $228,638 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Brand New Construction; Opening April 2021
  • Long-Term, 15-Year Modified Triple Net (NNN) Lease Commencing Upon Store Opening
  • Eight Percent (8.0%) Rental Increases Every Five (5) Years
  • Three (3), Five (5)-Year Tenant Renewal Options
  • Corporate Tenant | Corporate Guarantee

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Barry M. Wolfe

    Senior Managing Director Investments

    (954) 245-3493

    Email Barry

    License(s): FL: SL702613

    Fort Lauderdale

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Listing Price: $4,572,760

Cap Rate
5.00%
Tenant Name
Panera LLC
Gross SF
4,355
Guarantor
Corporate Guarantee
Rentable SF
4,355
Price/Gross SF
$1,050.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.50

Investment Highlights

  • Brand New Construction; Opening April 2021
  • Long-Term, 15-Year Modified Triple Net (NNN) Lease Commencing Upon Store Opening
  • Eight Percent (8.0%) Rental Increases Every Five (5) Years
  • Three (3), Five (5)-Year Tenant Renewal Options
  • Corporate Tenant | Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a brand-new build-to-suit Panera Bread located at 807 NW Sheridan Road in Lawton, OK. This site will consist of approximately 4,355 rentable square feet of building space on estimated 1.28-acre parcel of land. The caf is scheduled to open in April 2021.
The initial annual rent will be $228,638 and will increase by eight percent (8.0%) every five (5) years throughout the term of the lease and in each option period. There will be three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Barry M. Wolfe

    Senior Managing Director Investments

    (954) 245-3493

    Email Barry

    License(s): FL: SL702613

    Fort Lauderdale

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

MM Texture Background
MM Textured Background Lower