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Restaurant

Panera Bread | Ground Lease

1315 E Ireland Rd, South Bend, IN 46614

Listing Price: $3,590,000

Cap Rate
5.00%
Tenant Name
Panera Bread
Years Remaining On Lease
14.3
Gross SF
4,498
Guarantor
Corporate Guarantee
Rentable SF
4,498
Price/Gross SF
$798.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.91

Investment Overview

The Subject Property is a brand new, NNN Ground Leased, Panera Bread located in South Bend, Indiana. The Tenant just relocated from across the street to a freestanding building with a drive thru. The property is adjacent to a Kroger-Anchored shopping center and across the street from Erskine Village with multiple national tenants including Target, Old Navy, TJ Maxx, Ross, PetSmart, Famous Footwear, Kohl’s, Dollar Tree, GNC, Game Stop and Starbucks.

Investment Highlights

  • 14+ Years Remaining on the Lease
  • Tenant Relocated from Across the Street to a Freestanding Building with Drive Thru
  • Brand New Construction
  • Pride of Ownership Asset Featuring Panera Bread's Latest Prototype Design
  • Corporate Lease with Panera, LLC

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Restaurant

Panera Bread | Ground Lease

Listing Price: $3,590,000

Cap Rate
5.00%
Tenant Name
Panera Bread
Years Remaining On Lease
14.3
Gross SF
4,498
Guarantor
Corporate Guarantee
Rentable SF
4,498
Price/Gross SF
$798.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.91

Investment Highlights

  • 14+ Years Remaining on the Lease
  • Tenant Relocated from Across the Street to a Freestanding Building with Drive Thru
  • Brand New Construction
  • Pride of Ownership Asset Featuring Panera Bread's Latest Prototype Design
  • Corporate Lease with Panera, LLC

Investment Overview

The Subject Property is a brand new, NNN Ground Leased, Panera Bread located in South Bend, Indiana. The Tenant just relocated from across the street to a freestanding building with a drive thru. The property is adjacent to a Kroger-Anchored shopping center and across the street from Erskine Village with multiple national tenants including Target, Old Navy, TJ Maxx, Ross, PetSmart, Famous Footwear, Kohl’s, Dollar Tree, GNC, Game Stop and Starbucks.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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