Panera Bread
Property ID #: 19226
Tenant Name: Panera Bread
Street Address:
City: Mason
State: OH
Zip: 45040
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.
Website: www.panerabread.com
Sector: Casual Dining
FINANCIAL PROFILE
Price: $3,510,493
NOI:
Cap Rate: 5.50
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR
LEASE ABSTRACT
Lease Type: NNN
Years Remaining: 12
Initial Term Increases: 10% every 5 years
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: 2017
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 3
Lot AC :
DEMOGRAPHICS
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