Panera Bread

Panera Bread

900 E. McGalliard Road
Muncie, IN

Price: $3,183,952
Cap: 4.90%
NOI: $156,014
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
• Has Eight Percent Rental Increases Every Five Years
• There are Four, Five-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
• Corporate Tenant | Corporate Guarantee

About the Location
• Dense Retail Corridor | Target, Dick’s Sporting Goods, Walgreens, CVS Pharmacy, Aldi, McDonald’s, Wendy’s, Burger King, as well as Many Others
• Strong Academic Presence | Less Than Three Miles From Ball State University| Over 21,990 Students Enrolled
• Excellent Demographics | Population Exceeds 111,340 Individuals Within a 10-Mile Radius
• Excellent Real Estate Fundamentals | Situated as an Outparcel to Muncie Mall | Northeast Indiana’s Premier Shopping Destination With 70+ Retail, Dining and Entertainment Options
• Strong Traffic Counts | Over 31,560 Vehicles Per Day Along E. McGalliard Road

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

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