Skip to main content

Restaurant

Panera Bread

21620 Kuykendahl Rd, Spring, TX 77379

Listing Price: $4,206,000

Cap Rate
4.75%
Tenant Name
Panera Bread
Years Remaining On Lease
9.2
Gross SF
4,356
Guarantor
Franchisee Guarantee
Rentable SF
4,356
Price/Gross SF
$965.56
Lease Type
Absolute Net
Rent Per Square Feet
$45.87

Investment Overview

The Property is located in the heart of the Grand Parkway Marketplace Shopping Centers boasting over 237,000 square feet of shopping. Anchor Tenants include Target, Hobby Lobby, Starbucks, Chipotle, Ulta, TJ Maxx and others. Panera Bread is well situated with strong access to the main highway. This location has a drive-thru and features the latest store model construction. There is a long term Absolute NNN lease with upcoming rent increases every five years.

Investment Highlights

  • Absolute NNN Lease with Rental Increases Every Five Years
  • Located Within 20 Miles of Downtown Houston
  • 10 Years Remaining on Lease
  • Drive Thru Format with Great Access
  • Strong 10+ Unit Franchisee Guarantee
  • Strong Location in Income Tax Free State

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $4,206,000

Cap Rate
4.75%
Tenant Name
Panera Bread
Years Remaining On Lease
9.2
Gross SF
4,356
Guarantor
Franchisee Guarantee
Rentable SF
4,356
Price/Gross SF
$965.56
Lease Type
Absolute Net
Rent Per Square Feet
$45.87

Investment Highlights

  • Absolute NNN Lease with Rental Increases Every Five Years
  • Located Within 20 Miles of Downtown Houston
  • 10 Years Remaining on Lease
  • Drive Thru Format with Great Access
  • Strong 10+ Unit Franchisee Guarantee
  • Strong Location in Income Tax Free State

Investment Overview

The Property is located in the heart of the Grand Parkway Marketplace Shopping Centers boasting over 237,000 square feet of shopping. Anchor Tenants include Target, Hobby Lobby, Starbucks, Chipotle, Ulta, TJ Maxx and others. Panera Bread is well situated with strong access to the main highway. This location has a drive-thru and features the latest store model construction. There is a long term Absolute NNN lease with upcoming rent increases every five years.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower