Restaurant

Panera Bread Ground Lease | 10% Increase in 2022

Listing Price: $2,349,000

Cap Rate
5.75%
Tenant Name
Panera Bread
Years Remaining On Lease
8.30
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$587.25
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.75

Investment Overview

The subject property is 2016-built Panera Bread across from the +800,000-square-foot Albany Mall, anchored by Belk, JCPenney, Old Navy and Dillard’s. The +/- 1.10-acre parcel offers plenty of parking for Panera to continue to thrive. Other retailers in the immediate area include Publix, Target, Home Depot, Sam’s Club, Walmart, McDonald’s, Ross and many more. The area boasts a five-mile population of over 60,000, and Dawson Road is one of the main retail corridors with reported 21,000 vehicles per day. Panera is signed to a new 12-year ground lease that will not expire until December 31st, 2028. There are 10 percent rental increases very five years throughout the lease term. The NNN ground lease structure provides no landlord responsibilities or expenses.

Investment Highlights

  • 12-YEAR NNN GROUND LEASE | NO LANDLORD EXPENSES
  • +/- 1.10-ACRE LOT ACROSS FROM +800,000-SQUARE-FOOT SHOPPING MALL
  • 10 PERCENT RENTAL INCREASES EVERY FIVE YEARS | CAP JUMPS TO 6.32 PERCENT IN 2022
  • 2016 CONSTRUCTION | 8.5+/- YEARS REMAINING
  • 5-MILE POPULATION OF 60,000+ | 9% INCREASE SINCE 2000

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Restaurant

Panera Bread Ground Lease | 10% Increase in 2022

Listing Price: $2,349,000

Cap Rate
5.75%
Tenant Name
Panera Bread
Years Remaining On Lease
8.30
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$587.25
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.75

Investment Highlights

  • 12-YEAR NNN GROUND LEASE | NO LANDLORD EXPENSES
  • +/- 1.10-ACRE LOT ACROSS FROM +800,000-SQUARE-FOOT SHOPPING MALL
  • 10 PERCENT RENTAL INCREASES EVERY FIVE YEARS | CAP JUMPS TO 6.32 PERCENT IN 2022
  • 2016 CONSTRUCTION | 8.5+/- YEARS REMAINING
  • 5-MILE POPULATION OF 60,000+ | 9% INCREASE SINCE 2000

Investment Overview

The subject property is 2016-built Panera Bread across from the +800,000-square-foot Albany Mall, anchored by Belk, JCPenney, Old Navy and Dillard’s. The +/- 1.10-acre parcel offers plenty of parking for Panera to continue to thrive. Other retailers in the immediate area include Publix, Target, Home Depot, Sam’s Club, Walmart, McDonald’s, Ross and many more. The area boasts a five-mile population of over 60,000, and Dawson Road is one of the main retail corridors with reported 21,000 vehicles per day. Panera is signed to a new 12-year ground lease that will not expire until December 31st, 2028. There are 10 percent rental increases very five years throughout the lease term. The NNN ground lease structure provides no landlord responsibilities or expenses.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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