Panera Bread

Investment Highlights

ABOUT THE INVESTMENT
• Brand New Construction; Estimated Opening Date November 2022!
• Increased Drive Thru Capacity | Property Features a Double-Lane Drive Thru
• 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 | include Walmart, Meijer, Menards, Pay-Less Supermarket, CVS, Walgreens, Four Points by Sheraton, Dollar Tree, Dunkin’, Subway, Applebee’s, Burger King, Wendy’s, McDonald’s, KFC, Taco Bell, Subway, Domino’s, Starbucks and Many More
• Home to multiple industries including a Walmart distribution center and Hitachi automotive systems of America.
• Strong Traffic Counts | Over 22,000 Vehicles Per Day Along Sagamore Parkway West
• Purdue University | Located Less Than Three Miles Away | Over 40,000 Students Enrolled

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