Panera Bread

Panera Bread

15 North Airmont Road
Suffern, NY

Price: $4,647,019
Cap: 4.75%
NOI: $220,733
Building Size: 4,400 SF
Lot Size: 1.43 AC

Investment Highlights

ABOUT THE INVESTMENT 
• Brand New Construction; Estimated Opening Date November 2022!
• Long-Term, 15-Year Absolute Triple Net (NNN) Lease
• Lease Commencement Upon Close of Escrow
• Eight Percent (8.0%) Rental Increases Every Five (5) Years
• Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years

ABOUT THE LOCATION
• Dense Retail Corridor | Walmart, Walgreens, Starbucks, Wendy’s, McDonald’s, Shop Rite, Burger King, and Many More
• Strong Academic Presence | Less Than Three Miles from Rockland Community College| Total Enrollment Exceeds 7,000+ Students
• Affluent Suburban Community | Average Income Within a Three-Mile Radius is $122,000 | Population Exceeds 191,160 Individuals Within a Five-Mile Radius
• Strong Traffic Counts | North Airmont Road and Interstate-87 | Approximately 11,400 and 102,300 Vehicles Per Day, Respectively

ABOUT THE TENANT/BRAND
• Panera Has Been One of the Most Successful Restaurant Companies in History
• Panera Was the Best-Performing Restaurant Stock When Measured Over the Last 20 Years; Delivering a Total Shareholding Return 44 Times Better Than the S&P 500 From 1997 to 2017
• Pioneer in Advanced Technology – Driver of Ongoing Sales Growth and Improved Delivery-Catering Initiatives
• Acquired in 2017 by JAB Holdings, a European Conglomerate That Owns Krispy Kreme, Keurig, Peet’s Coffee, Pret A Manger, Among Other Assets; Positioning the Chain for Continued Growth and Long-Term Returns
• JAB Holdings Manages $50 Billion in Capital With and Enterprise Value Exceeding $130 Billion

Don McMinn
OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.







Principal or Broker?