Panera Bread


Property ID #: 18606
Tenant Name: Panera Bread
Street Address:
City: Beaumont
State: TX
Zip:

COMPANY DESCRIPTION

Missouri-based Panera Bread Company operates over 309 bakery-cafés in 29 states, with a principal focus on specialty breads, especially its artisan and sourdough breads. About 68 percent of its bakery-cafés are franchise units, and the remainder are owned by the company. However, Panera Bread does not franchise individual bakery-cafés; rather, it sells multi-store area development agreements. The company maintains 39 of these, with commitments to grow its chain to 733 bakery-cafés through agreements already made. To support its bakery-café network, Panera also operates 11 fresh dough facilities.

Sector: Casual Dining

FINANCIAL PROFILE

Price: $2,750,000
NOI:
Cap Rate: 5.00
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR

LEASE ABSTRACT

Lease Type: NNN
Years Remaining: 20
Initial Term Increases:
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options:
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership:
Year Built: 2015
Year Remodeled : 0
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 4475
Lot AC :

DEMOGRAPHICS

Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

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