Panera Bread

Panera Bread

408 Route 3
Plattsburgh, NY

Price: $3,895,405
Cap: 4.75%
NOI: $185,032
Building Size: 5,460 SF
Lot Size: 1.41 AC

Investment Highlights

About the Investment
• Brand New Construction; Opening November 2019!
• Long-Term, 15-Year Absolute Triple-Net (NNN) Lease
•  Lease Commencement Upon Close of Escrow
•  There are 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
• Located in the Heart of Plattsburgh’s Main Retail Corridor | Walmart Supercenter, Lowe’s, Sam’s Club, Walgreens, Target, Aldi, Price Chopper-Market 32, McDonald’s, Chick-fil-A, Burger King, and Many More
•  Strong Academic Presence | Less than Three Miles from SUNY Plattsburgh| Total Enrollment of 5,700+ Students
•  Several Hospitality Accommodations | Hampton Inn & Suites, Quality Inn & Suites, American Best Value Inn, La Quinta Inn & Suites and More
• Strong Traffic Counts | NY-3 and Interstate-87 | Approximately 29,500 and 30,200 Vehicles Per Day, Respectively
•  Less than One Mile from Champlain Center | 60+ Retail Stores, Eight-Screen Cinema, Food Court, Arcade, and More
• Plattsburgh International Airport | Less than Six Miles from Subject

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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