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Restaurant

Panera Bread Abs. NNN - 11+ Years

6439 Garth Rd, Baytown (Houston), TX 77521

Listing Price: $3,474,000

Cap Rate
4.75%
Tenant Name
Rolling Dough, LTD
Years Remaining On Lease
11.3
Gross SF
4,552
Guarantor
No Guarantee
Rentable SF
4,552
Price/Gross SF
$763.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.25

Investment Overview

Panera Bread Company is a national bakery-cafe concept with company owned and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis. Thirty five years and several transformations later, Panera has grown into an enterprise with more than 2,000 bakery-cafes, 100,000 associates and annual system-wide sales of over $5 billion. Just east of Houston and north of Galveston, Baytown is located in the gulf coast region of Texas in the Harris and Chambers counties. Baytown is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area, the fifth-most populous MSA in the United States with an estimated population of 7,122,240 as of 2020. The city itself is situated near the outlets of the San Jacinto River and Buffalo Bayou, granting residents, businesses, and visitors alike the benefits of scenic waterways, historic landmarks, and rich local culture.

Investment Highlights

  • Over 11 Years Remaining on Absolute Triple-Net (NNN) Lease - Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 107,245 Residents Within a Five-Mile Radius - Houston MSA
  • Rapidly Growing Trade Area with Households and Population Projected to Increase 12 - 13 Percent by 2025
  • Signalized Hard Corner Location Visible to Over 33,200 Cars per Day
  • Drive-Thru Location with Outdoor Patio Seating
  • Less than One Mile Off the I-10 Freeway (Over 84,225 Cars per Day), a Major Connector with Direct Access to Houston
  • Across from the Redevelopment of San Jacinto Mall - Future Location of San Jacinto Marketplace, Positioned to Become the Area's Premier Shopping Destination

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

Panera Bread Abs. NNN - 11+ Years

Listing Price: $3,474,000

Cap Rate
4.75%
Tenant Name
Rolling Dough, LTD
Years Remaining On Lease
11.3
Gross SF
4,552
Guarantor
No Guarantee
Rentable SF
4,552
Price/Gross SF
$763.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.25

Investment Highlights

  • Over 11 Years Remaining on Absolute Triple-Net (NNN) Lease - Multi-Unit Franchisee
  • 10 Percent Rental Increases Every Five Years
  • 107,245 Residents Within a Five-Mile Radius - Houston MSA
  • Rapidly Growing Trade Area with Households and Population Projected to Increase 12 - 13 Percent by 2025
  • Signalized Hard Corner Location Visible to Over 33,200 Cars per Day
  • Drive-Thru Location with Outdoor Patio Seating
  • Less than One Mile Off the I-10 Freeway (Over 84,225 Cars per Day), a Major Connector with Direct Access to Houston
  • Across from the Redevelopment of San Jacinto Mall - Future Location of San Jacinto Marketplace, Positioned to Become the Area's Premier Shopping Destination

Investment Overview

Panera Bread Company is a national bakery-cafe concept with company owned and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. Its headquarters are in Sunset Hills, Missouri, a suburb of St. Louis. Thirty five years and several transformations later, Panera has grown into an enterprise with more than 2,000 bakery-cafes, 100,000 associates and annual system-wide sales of over $5 billion. Just east of Houston and north of Galveston, Baytown is located in the gulf coast region of Texas in the Harris and Chambers counties. Baytown is part of the Houston-The Woodlands-Sugar Land metropolitan statistical area, the fifth-most populous MSA in the United States with an estimated population of 7,122,240 as of 2020. The city itself is situated near the outlets of the San Jacinto River and Buffalo Bayou, granting residents, businesses, and visitors alike the benefits of scenic waterways, historic landmarks, and rich local culture.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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