Panera Bread

Panera Bread

5158 NC Highway 42
Garner, NC

Price: $3,529,054
Cap: 4.75%
NOI: $167,630
Building Size: 5,460 SF
Lot Size: 1.41 AC

Investment Highlights

About the Investment
✓ Brand New Construction; Opening October 2019!
✓ Long-Term, 15-Year Absolute Triple Net Lease
✓ Lease Commencement Upon Close of Escrow
✓ Has Eight Percent Rental Increases Every Five Years
✓ Has Four, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ Corporate Tenant | Corporate Guarantee

About the Location
✓ Dense Retail Corridor | Walmart, Lowe’s, Walgreens, CVS Pharmacy, Dairy Queen, McDonald’s, Burger King, Holiday Inn Express, Hampton Inn, as well as Many Others
✓ Strong Academic Presence | Less Than Ten Miles From Wake Technical Community College | Over 69,900 Students Enrolled
✓ Affluent Suburban Community | Average Income Within a Three-Mile Radius Exceeds $89,175 | Population Exceeds 194,520 Individuals Within a 10-Mile Radius
✓ Excellent Real Estate Fundamentals | Within Five Miles of Raleigh, NC | Raleigh Durham International Airport (RDU) - Serves Over 11.6 Million Passengers Annually
✓ Strong Traffic Counts | Over 27,540 and 51,930 Vehicles Per Day Along NC Highway 42 and Interstate-40

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
✓ Named “Sales Leader” by Nation’s Restaurant News in the Bakery-Café Group – August 2018
✓ 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

Don McMinn
OFFERING MEMORANDUM

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